Stock Market Alert: HEG and Graphite India Shares Surge 14% Amidst Market Downturn on March 27
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Stock Market Dips, But HEG & Graphite India Soar 14% on Price Hike News
C
CNBC Awaaz•27-03-2026, 10:48
Stock Market Dips, But HEG & Graphite India Soar 14% on Price Hike News
•On March 27, despite a falling market, HEG Ltd and Graphite India shares surged by approximately 14%.
•The rally was triggered by American company GrafTech International increasing graphite electrode prices by $600 to $1,200 per ton (15% to 30%).
•HEG shares jumped from Rs 503.10 to around Rs 575 by 10:45 AM, recovering from a 10% fall since January 2026.
•Graphite India shares also saw a significant rise, starting at Rs 597.10 and crossing Rs 660.
•Experts believe the price hike was necessary due to sector pressure, rising raw material costs, and geopolitical tensions, expecting improved margins for companies.