Graphite India shares surged nearly 18 percent on Wednesday, September 9, while HEG hit its 5 percent upper circuit, as a sharp graphite electrode price hike announced by US-based GrafTech International fuelled expectations of stronger realisations and margins for Indian manufacturers.
Graphite India stock jumped 17.8 percent to Rs 865 in morning trade, emerging as the top gainer on the BSE Smallcap index and ranking among the most actively traded stocks on both the NSE and BSE. The stock has now gained around 32 percent in 2026, sharply outperforming the Nifty 50, which is down about 10 percent over the same period. The company’s market capitalisation stood at around Rs 16,700 crore.
HEG Advanced Materials shares also rallied, rising 4.99 percent to hit the upper circuit at Rs 271.5. The company commanded a market capitalisation of around Rs 5,233 crore. The gains came against a weak broader market. At 10:15 am, the Sensex was down 606 points, or 0.80 percent, at 74,971, while the Nifty 50 fell 149.5 points, or 0.63 percent, to 23,485.60.
The trigger came from GrafTech International, whose shares surged around 15 percent on Wall Street overnight after the global graphite electrode producer announced a minimum 30 percent increase in graphite electrode prices.
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