HEG, Graphite India soar up to 12.5% today; here's what's driving the rally

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HEG, Graphite India soar up to 12.5% today; here's what's driving the rally - Business Standard

Quick Summary:

This venture, ICICI Direct said, is anticipated to offer value addition benefits with targeted Ebitda margins and RoCE pegged at over 20 per cent.

Since the announcement, shares of HEG have surged 18 per cent and Graphite India 19.4 per cent, including today's gains.

According to industry estimates, EAF share in total crude steel production (ex-China) is expected to rise from 50 per cent in 2023 to 55 per cent in next 3 to 4 years.