Graphite India rose 2.16% to Rs 177.60 at 12:42 IST on BSE, with the stock recovering on bargain hunting after recent slide.
Meanwhile, the S&P BSE Sensex was up 220.68 points, or 0.7% at 31,581.31. The S&P BSE Mid-Cap index was up 63.88 points, or 0.43% at 15,001.70.
On the BSE, 1.20 lakh shares were traded on the counter so far as against the average daily volumes of 96,444 shares in the past one quarter. The stock had hit a high of Rs 179.40 and a low of Rs 173.80 so far during the day. The stock had hit a record high of Rs 192 on 4 July 2017 and a 52-week low of Rs 70.10 on 30 September 2016.
The stock had outperformed the market over the past one month till 7 July 2017, advancing 45.66% compared with the Sensex's 0.29% rise. The scrip had also outperformed the market over the past one quarter advancing 43.2% as against the Sensex's 5.57% rise. The scrip had also outperformed the market over the past one year advancing 121.89% as against the Sensex's 15.29% rise.
The mid-cap company has equity capital of Rs 39.08 crore. Face value per share is Rs 2.
Shares of Graphite India had declined 7.35% in the preceding three trading sessions to settle at Rs 173.85 on Friday, 7 July 2017, from its closing price of Rs 187.65 on 4 July 2017.
Graphite India's net profit spurted 117% to Rs 61.97 crore on 6.9% increase in net sales to Rs 373.39 crore in Q4 March 2017 over Q4 March 2016.
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Graphite India is engaged in the manufacture of graphite electrodes including carbon and graphite specialty products.
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