Graphite India, HEG zooms over 100% in three months on growth prospects

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

Shares of companies engaged in graphite electrode business such as Graphite India and HEG continued their upward movement gaining upto 10% on BSE in otherwise range-bound market.

HEG was locked in upper circuit of 10% at Rs 744, also its new high on BSE. According to report the analyst at foreign brokerage house Jefferies initiated coverage of  the company with a recommendation of buy with a target price of Rs 1,050 in one year.

Graphite India surged 8% to Rs 275 on BSE in intra-day trade on back of nearly three-fold jump in trading volumes. A combined 4.16