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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.
Ravi Jhunjhunwala, chairman and managing director (CMD) of HEG Mandideep, said that Madhya Pradesh has a great atmosphere to work in the field of industrial investment
Adani Gas, HEG, and Hindustan Copper are expected to rally up to 20 per cent upon surpassing their resistance levels
In the past one month, the stocks of HEG (up 34 per cent) and Graphite India (up 16 per cent) have outperformed the Sensex, which gained a marginal 0.02 per cent during the period
Turnaround in global steel production four successive quarters of de-growth seen as a positive for the two graphite electrode makers
Thus far in the calendar year 2018, HEG (up 67%) and Graphite India (45%) has outperformed the market by surging more than 40% as compared to 6% rise in the S&P BSE Sensex.
Graphite India hit a new high of Rs 925, up 5%, while HEG too up 5% to Rs 3,650, trading close to its record high of Rs 3,695 touched on May 17, 2018 on the BSE in intra-day trade.
Thus far in the calendar year 2018, HEG (up 42%) and Graphite India (up 18%) have outperformed the S&P BSE Sensex, which 3% so far.
HEG was locked in upper circuit at Rs 3,270, while Graphite India was trading 4.5% higher at Rs 817, after hitting an upper circuit of Rs 821 in intra-day trade.
Rain Ind, Alok Ind, Graphite India, Man Ind, HEG, Mirc Electronics, Prakash Ind, HIL, Waterbase and GVK Power have rallied an over 7% from their respective intra-day lows on the BSE on Wednesday.
HEG was up 4% to Rs 3,392, surging 16% in past seven trading days, while Graphite India trading 2% higher at Rs 765, extending its past two days 3% gain in otherwise weak market
HEG zoomed 12% to Rs 3,515, also its new high, while Graphite India locked in upper circuit of 5% at Rs 814 on the NSE.
Graphite India is locked in upper circuit for the second straight day, up 5% at Rs 709 on the BSE. HEG too up 5% at Rs 2,813, extending its previous day's 4.5% gain.
HEG locked in upper circuit of 10% at Rs 744, also its new high, while Graphite India surged 8% to Rs 275 on BSE in intra-day trade