Technical charts suggest that HEG stock is likely to witness another 25 per cent fall from present levels; while Nuvama Wealth could witness a relief rally towards Rs 6,125.
Graftech has a competitive portfolio of low cost, ultra-high power graphite electrode manufacturing facilities, with some of the highest capacity facilities in the world.
Given the stellar performance over the past year and what lies ahead, analysts are now turning cautious on the graphite electrode space. They see limited gain for the stock from here on