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The Economic Times

Veer Sharma

Graphite India shares rocket over 18% to extend gains for second session. What’s behind the surge?

Graphite India India GrafTech International

Shares of Graphite India surged as much as 18.5% to Rs 870 on the BSE on Wednesday after global graphite electrode maker GrafTech International announced a 30% price increase, raising expectations of firmer electrode pricing globally.

The development gains significance as Graphite India is currently the only listed pure-play company in the space. HEG is also a listed graphite manufacturer, although following the demerger of its Graphite Electrodes business, the new entity is expected to be listed on the exchanges next month.

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