Graphite India hits 14-month low on disappointing Q3 results; slips 10%

The stock dipped 10% to Rs 436, extending its 6 per cent decline in the past two trading days on BSE, after reporting subdued results for the quarter ended December 2018 .

Shares of Graphite India hit a 14-month low of Rs 436, down 10 per cent on Monday, extending its 6 per cent decline in the past two trading days on BSE, after reporting subdued results for the quarter ended December 2018 (Q3FY19).

The stock of graphite electrode maker was trading at its lowest level since October 26, 2017. Thus far in the calendar year 2019, it has tanked 42 per cent, as compared to a 1 per cent rise in the S&P BSE Sensex.

Graphite India reported a consolidated net profit of Rs 764 crore (up 113 per