Shares of Graphite India climbed over 2% during Friday’s session following reports that Japan has imposed a five-year anti-dumping duty on graphite electrode imports from China. The stock gained 2.11% to trade at Rs 569.10 as of 11:41 AM, up Rs 11.75 from the previous close of Rs 557.35.
The Japanese government’s decision comes after a detailed investigation found that Chinese exporters were selling graphite electrodes at unfairly low prices, causing injury to domestic producers like SEC Carbon, Tokai Carbon, and Nippon Carbon.
The anti-dumping move is expected to create new export opportunities for Indian manufacturers, including Graphite India, particularly in the HP-grade graphite electrode segment. This development follows China’s earlier curbs on graphite exports, further tightening global supply and benefiting alternative suppliers like India.
During Friday’s trade, Graphite India touched an intraday high of Rs 570.00 and a low of Rs 557.40. The company’s market capitalization currently stands at Rs 11,086 crore, with an average daily trading volume of 1.93 million shares. The stock currently trades at a P/E ratio of 24.01 with a dividend yield of 1.93%.
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