Banking and finance

Buy Graphite India, target price Rs 675: ICICI Direct

ICICI Direct has purchase name on with a goal value of Rs 675. The present market value of Graphite India Ltd. is Rs 618.55. Time interval given by analyst is Intra Day when Graphite India Ltd. value can attain outlined goal.

Graphite India Ltd., integrated within the 12 months 1974, is a Mid Cap firm (having a market cap of Rs 11704.95 Crore) working in Industrial Consumables sector.

Graphite India Ltd. key Merchandise/Income Segments embrace Graphite Electrodes Anodes & Miscl., Graphite Equipments, Excessive Pace Metal, Calcined Petroleum Coke, Export Incentives, Electrical energy, Others, GRP Pipes, Tanks & Soils, Carbon Paste, Alloy Metal, Royalty Revenue, Sale of companies for the 12 months ending 31-Mar-2021.

For the quarter ended 30-06-2021, the corporate reported a Consolidated Whole Revenue of Rs 688.00 Crore, up 10.79 % from final quarter Whole Revenue of Rs 621.00 Crore and up 44.23 % from final 12 months similar quarter Whole Revenue of Rs 477.00 Crore. Firm reported internet revenue after tax of Rs 157.00 Crore in newest quarter.

Investment Rationale
Inventory rebounding publish the next base above rising demand line becoming a member of the lows of June & August

(Disclaimer: Views and suggestions given on this part are the analysts’ personal and don’t symbolize these of Please seek the advice of your monetary adviser earlier than taking any place within the inventory/s talked about.

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