HEG’s share price has moved higher by 7 per cent to ₹516.20 on the BSE in Wednesday’s intra-day trade amid heavy volumes in an otherwise subdued market.
In the past two days, the stock price of the company has surged 20 per cent on reports that the Japanese government will impose a 95.2 per cent anti-dumping duty on China’s graphite electrode exports for four months as a provisional measure, effective from March 29, 2025. Additionally, Chinese producers have already implemented a price hike for high-power grade graphite electrodes.
HEG has been the world’s largest single site graphite electrode plant under one roof with a capacity of 80,000 tons per annum for a long time. The company recently completed its expansion to 100,000 tons to become the third largest producer of Graphite electrodes in the western world. It has been exporting approximately 65 – 70 per cent of its production to about 35 countries around the world consistently for more than 20 years.
At 11:34 AM, HEG was quoting 4 per cent higher at ₹504, as compared to the 0.12 per cent decline in the BSE Sensex. A combined 13.85 million shares, representing 7.2 per cent of total equity, of HEG have changed hands on the NSE and BSE. The stock had hit a 52-week high of ₹619.25 (adjusted to stock split from ₹10 to ₹2) on December 5, 2024.
Meanwhile, Graphite India share price was up 4 per cent at ₹514.85 on the BSE in intraday trade today. In the past two days, the stock has gained 12 per cent. On Tuesday, it hit a high of ₹525 in intraday trade. Graphite India is mainly engaged in the business of manufacturing and selling of graphite, carbon and other products.