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ICICI Direct has buy call on Graphite India with a target price of Rs 675. The current market price of Graphite India Ltd. is Rs 618.55. Time period given by analyst is Intra Day when Graphite India Ltd. price can reach defined target.
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.
Graphite India Ltd. key Products/Revenue Segments include Graphite Electrodes Anodes & Miscl., Graphite Equipments, High Speed Steel, Calcined Petroleum Coke, Export Incentives, Electricity, Others, GRP Pipes, Tanks & Soils, Carbon Paste, Alloy Steel, Royalty Income, Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 688.00 Crore, up 10.79 % from last quarter Total Income of Rs 621.00 Crore and up 44.23 % from last year same quarter Total Income of Rs 477.00 Crore. Company reported net profit after tax of Rs 157.00 Crore in latest quarter.
Stock rebounding post a higher base above rising demand line joining the lows of June & August
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.
Graphite India Ltd. key Products/Revenue Segments include Graphite Electrodes Anodes & Miscl., Graphite Equipments, High Speed Steel, Calcined Petroleum Coke, Export Incentives, Electricity, Others, GRP Pipes, Tanks & Soils, Carbon Paste, Alloy Steel, Royalty Income, Sale of services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 688.00 Crore, up 10.79 % from last quarter Total Income of Rs 621.00 Crore and up 44.23 % from last year same quarter Total Income of Rs 477.00 Crore. Company reported net profit after tax of Rs 157.00 Crore in latest quarter.
Investment Rationale
Stock rebounding post a higher base above rising demand line joining the lows of June & August
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Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.
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