News for Graphite India Limited (GRAPHITE.BO)

HEG shares zoomed 14% to a high of Rs 510 against the previous close of Rs 431.60 on BSE. Market cap of the firm  rose to Rs 9,329 crore.

In a holiday-shortened week, 392 BSE500 stocks declined, with IndusInd Bank plunging 28%. IT led sectoral losses amid US slowdown fears. Meanwhile, only 95 stocks gained, including KIMS and Aavas Financiers, while Tata Teleservices and Sun TV remained flat.

The Sensex fell 12.85 points to 74,102.32, while Nifty gained 37.60 points to close at 22,497.90. Realty stocks provided support, but IT and private banks dragged. Analysts cite easing valuations, lower crude prices, and upcoming inflation data as key market factors.

US President Donald Trump’s pause on tariffs on Mexico and Canada unleashed bulls on the D-Street as buying returned in most sectors. Banks, IT and energy stocks witnessed significant action with HDFC Bank, Reliance Industries (RIL) taking the lead. While Nifty fell by 378.20 points or 1.62% to close at 23,739.25, the 30-stock S&P BSE Sensex finished flat at 78,166.60, gaining by 979.86 points or 1.27%.Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said he sees the rally to continue from here.

HCL Technologies, Bharat Electronics, LTI Mindtree, Siemens, and Sun TV Network are the top five companies with the largest estimated excess cash reserves, said the report. The IiAS assessment, drawn from FY24 financial statements, also accounts for acquisitions and announced capital expenditures after the balance sheet date.

Indian markets closed higher on Thursday, led by technology stocks. Positive comments from the US Fed Chair and anticipation of a dovish RBI policy boosted sentiment. FIIs have also started buying Indian stocks.

Sensex closed over 800 points higher, crossing the 82,000 mark intraday, while Nifty ended above 24,700. In the past five trading sessions, Sensex has surged over 2,700 points despite weak Q2 earnings and lower-than-expected GDP data.

ET Now reported that approximately 28.8 lakh HEG shares, representing 6% equity in the company, were traded at an average price of Rs 600 per share.

Analysts said that China's move could restrict exports to the US, . China is the world's leading producer of graphite, used for military applications and making of Electric Vehicle batteries.

Carbon Mold Market Size Was Valued at USD 305.6 Million in 2023, and is Projected to Reach USD 626.3 Million by 2032, Growing at a CAGR of 8.3% From...

HEG, Graphite India share price today: Resonac Graphite has announced a minimum 20 per cent of global price increase on all new orders

Zee Entertainment, PB Fintech, Delhivery among select companies to report a turnaround in the June 2024 quarter. Here's a technical outlook on select such stocks.

The stock price of Graphite India surged up to 8.38 per cent to Rs 46.62 per share on the BSE in Tuesday's intraday deals

Buzzing Stocks Today, Stocks that will see action today: August 1, 2024 -- Infosys, Wipro, Automobile companies, SIS, Graphite India, Bharat Forge, Godfrey Phillips, Indian Hotels, Oil PSUs, GE Powe

The NSE Nifty index closed 93.86 points up at 24951.15

The graphite market is driven by increasing demand from the battery and electronics industries, particularly due to the rise of electric vehicles and...

Reliance Industries, Wipro, JSW Steel, BPCL, JSW Energy, Union Bank of India, ICICI Lombard GIC, Indian Hotels, Patanjali Foods, Paytm and more will announce their quarterly results on Friday, July 19.

Graphite India shares slipped 5.08% to Rs 615.60 on BSE. Graphite India stock ended at Rs 648.60 in the previous trading session. Market cap of the firm stood at Rs 12,099 crore on Tuesday.

Q4 FY2024 Results: Around 42 companies, including Dr Reddy's Laboratories, Voltas, JSW Energy, Pidilite Industries, United Breweries, IDFC, Hindustan Media Ventures, and PB Fintech, are scheduled to post their earnings on May 7.