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Graphite India shares rocket over 18% to extend gains for second session. What’s behind the surge?

Graphite India shares surged 18.5% after GrafTech announced a minimum 30% hike in graphite electrode prices, raising hopes of improved realisations and margins. The companys June-quarter profit rose 28.4%, while EBITDA margin expanded…

Graphite India shares rocket over 18% to extend gains for second session. What’s behind the surge?
Graphite India shares rocket over 18% to extend gains for second session. What’s behind the surge?
By

, ETMarkets.com

Synopsis

Graphite India shares surged 18.5% after GrafTech announced a minimum 30% hike in graphite electrode prices, raising hopes of improved realisations and margins. The company’s June-quarter profit rose 28.4%, while EBITDA margin expanded sharply to 17.1%.

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Reported by Veer Sharma · Syndicated via official news feed

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