Trending stocks: Graphite India shares down nearly 1%

NEW DELHI: Shares of Graphite India Ltd. traded 0.89 per cent down in Tuesday's trade at 10:33AM (IST). Around 44,198 shares changed hands on the counter.

The stock opened at Rs 217.7 and touched an intraday high and low of Rs 219.95 and Rs 207.0, respectively, in the session so far. The stock of Graphite India Ltd. quoted a 52-week high of Rs 427.45 and a 52-week low of Rs 103.0.

Total market cap of the Graphite India Ltd. stood at Rs 4150.75 crore at the time of writing this report.


Graphite India is slated to announce its March quarter results on Tuesday.

Key Financials
The company reported consolidated net sales of Rs 643.0 crore for the quarter ended 31-Dec-2019, down 27.1 per cent from previous quarter's Rs 882.0 crore and down 65.34 per cent from the year-ago quarter's Rs 1855.0 crore.

Shareholding pattern
As of 31-Mar-2020, DIIs held 0.73 per cent stake in the company, while foreign institutional investors held 8.96 per cent and the promoters 64.32 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 6.76 and a price-to-book ratio of 0.78. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Graphite India Ltd. belongs to the Electrodes - Graphite industry.