Graphite India shares touched a fresh 52 week high of ₹874.35 after GrafTech International announced a minimum 30% electrode price hike.

The stock rallied even as the broader market stayed weak, with both the Nifty and Sensex trading lower through the session.

Graphite India moved the opposite way entirely, and trading volumes ran well above the stock’s usual pace for the day.

Here’s why the GrafTech news matters so much for this stock. Graphite India is currently the only listed pure play graphite electrode maker in India.

HEG also produces electrodes, but its electrode business is set to demerge into a separately listed entity soon.

When global electrode prices rise, it tends to lift realisations and margins for existing producers, and that’s largely what pushed the stock higher today.

This comes on the back of a strong quarter too. Graphite India posted consolidated net sales of ₹842 crore in Q1 FY27, up 26.6% year on year.

EBITDA rose nearly 25% to ₹241 crore, and net profit climbed 28.6% to ₹171 crore. Capacity utilisation has also touched 97%, according to the company.

The company runs six factories across India plus one wholly owned unit in Germany, with total production capacity of around 98,000 tonnes a year.

Even after today’s move, the stock remains well below its all time high of ₹1,126.40, set back in August 2018.

By the close on Wednesday, Graphite India settled at ₹844.65 on the NSE, up 15.04% for the day.

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