Graphite India Limited up by 11.21 percent | Espresso

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Espresso shot of the day – Graphite India Ltd up by 11.21 percent

April 07, 2021
Espresso shot of the day – Graphite India Ltd up by 11.21 percent

GRAPHITE INDIA LTD 653.20 (+11.21%)  BSE – INE371A01025 | 7TH APRIL 2021

Graphite India Limited (GIL) is the pioneer in Carbon and Graphite products in India. It came into existence way back in 1960s. Starting with Graphite Electrodes, the core product of the company, it has entered into the coveted field of Specialty application of carbon and graphite. By further leveraging our core competence and economies of scale we intend to advance our production capacity cost efficiently. With efficient global partners and proximity of our manufacturing facilities to inland customers and sea ports, GIL is able to ensure timely deliveries to its customers. Over the years GIL has emerged to become an established and reputed brand in the Global Market. The corporate philosophy of the company lays emphasis on consistent quality of products and services across all its divisions which have culminated to an enviable track record in the industry arena.

Recent Drivers

  • Graphite India Limited have outperformed the market as analysts estimated the demand to revive, aided by higher steel production and reduced inventory levels.
  • The Chinese economy has seen a sustained and robust rebound from the pandemic-driven slump, the overall recovery in steel production led to a small pickup in graphite electrodes (GE) demand.
  • The increase in steel production and normalisation of electrode inventory levels have resulted in an increase of electrodes demand thus increasing their capacity utilisation levels.
  • Graphite India Ltd reported quarterly net profit at Rs 23.00 crores in December 2020 up 106.52% from Rs 353.00 crores in December 2019.
(Sources: Business Standards, Moneycontrol)

Technical Force*

  • S&P BSE 500 month till date gain up by 1.36%
  • Spurts in volume by more than 5.07 times compares to pervious vol. 3 month avg qty – 1,99,888
  • Traded on new 52 Week High Value 689.70
  • Quantity traded 10,96,075 Deliverable quantity 1,23,393 (11.26%)
  • Stock price has jumped more than 360% from one year low level – 147.10, 7 April 2020
  • Daily RSI (14) is in overbought territory today
  • 52 -week high –689.70 | 52- week low- 147.10

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

614

471.70

387.60

245.30

161.20

18.90

-

-

Fibonacci Pivot

471.70

385.22

331.78

297.37

245.30

193.23

158.82

105.38

18.90


Today’s Close

653.20

SMA

BSE

10 DAY

528.02

20 DAY

515.66

50 DAY

456.53

200 DAY

275.31

Some Key Ratios (Source: BSE)

Market Cap: 12,761.93 crores

PE: 116.02

OPM%:29.36

ROE%: 2.89

Promoters holding : 65.34

Prev. Close: 587.35

 

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.