​Graphite India, incorporated in the year 1974, is a Mid Cap company (having a market cap of Rs 7647.98 Crore) operating in Industrial Consumables sector.

Graphite India, incorporated in the year 1974, is a Mid Cap company (having a market cap of Rs 7767.16 Crore) operating in Industrial Consumables sector.

ICICI Direct is bullish on Graphite India recommended buy rating on the stock with a target price of Rs 440 in its research report dated November 14, 2022.

Affle India formed long bullish candle on the daily charts with robust volumes. The stock has seen a break out of long downward sloping resistance trend line adjoining January 14 and November 14 this year, as well as short downward sloping resistance trend line adjoining September 13 and November 14 this year.

Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said, “the steep weakness continued in the market for the second consecutive session on Monday, and Nifty closed the day lower by 311 points. The short-term trend of the Nifty is sharply down, and the weakness is expected to continue for the next 1-2 sessions. The lower support area of 16,800 is expected to offer a base for the market in the short term”.

JPMorgan maintained its neutral rating on Britannia Industries with a target price of Rs 3,930. The stock closed at Rs 3,692 on 18 August. The global investment bank revised FY23/24E EPS downwards by 4/2 per cent. Gross margin bottomed out in Q1FY23. The company expanded its product portfolio (wafers, croissants, cakes, biscuit variants) which is a positive sign.

ICICI Direct recommended reduce rating on Graphite India with a target price of Rs 390 in its research report dated August 07, 2022.

Shares of Add-Shop E-Retail and KCL Infra Projects will turn ex-rights today. Add-Shop E-Retail had announced a rights issue of 1 share for every 1 share held, offered at Rs 54 apiece while KCL Infra Projects had announced a rights issue of 9 shares for every 1 share held, offered at Rs 2 apiece.

ICICI Direct recommended hold rating on Graphite India with a target price of Rs 475 in its research report dated May 26, 2022.

At least five stocks will go ex-dividend today. They included Angel One, Caplin Point Laboratories, Coforge, Cyient and Dolat Algotech.

Nifty50 on Friday capitalised on a strong gap-up start as the index ended almost at day's higher. In the process, it breached its immediate resistance level of 16,150 and formed a bullish candle both daily and weekly scales. Analysts said more upside is in the offing and advised traders to be cautiously bullish for the week ahead.

Net Sales are expected to increase by 80 percent Y-o-Y (up 15 percent Q-o-Q) to Rs. 1,014 crore, according to ICICI Direct.

In last four months, Graphite India has been forming a good accumulation pattern, which is now about to get matured soon. If we meticulously observe the daily chart, we can see upward rallies on higher volumes and declines on much lower volumes.

Epsilon Carbon has tied up with US-based The Metals Company to study the feasibility of extracting rare metals used in lithium-ion cells from deep-sea mining as part of its ambition to become a top supplier to companies manufacturing cells for electric vehicles (EV) in India.

Primary trend of HSIL share price is positive as it is trading above its 100 and 200 day EMA. Oscillators like RSI and MFI (money flow index) are showing strength in the current uptrend of the stock.

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This is no longer just about higher-value and harder-to-get metals like lithium and cobalt. Supply shortages are coming for the entire EV battery supply chain, just as firms like Tesla are selling record numbers of green vehicles.

In the BSE500 index, over 400 stocks registered gains during the week, whereas less than 100 stocks ended in the negative zone. Over two dozen stocks gained more than 10 per cent.

The information technology giant is on the verge of taking over private sector banking major HDFC Bank in terms of market capitalisation. Infosys market capitalisation currently stands at Rs. 7.95 crore, just Rs. 15,000 crore shy of HDFC Banks.

Gains in IT and healthcare stocks capped the losses on monthly future and options expiry day. However, selling in banks and auto pushed indices lower.

Graphite India Ltd., incorporated in the year 1974, is a Mid Cap company (having a market cap of Rs 11704.95 Crore) operating in Industrial Consumables sector.