InvestorQ : Why have HEG and Graphite India been rallying so sharply in the last couple of months?
Dawn Cherian made post

Why have HEG and Graphite India been rallying so sharply in the last couple of months?

Answer
image
Mitali Bhutta answered.
7 months ago
Follow

As steel production expands, direct beneficiaries are the manufacturers of graphite electrode like Graphite India and HEG. Not surprisingly, both the stocks have rallied sharply on the back of pick-up in steel production globally as this is expected to drive demand for electrodes. As a result, HEG and Graphite hit 52-week highs in the week.

In last 3 months, HEG and Graphite doubled in price. With steel consuming industries like construction and automobiles set to expand, it looks like happy times for electrodes.

2 Views