“Graphite India – बैटरी बूम का ब्लैक गोल्ड, ईवी रेवोल्यूशन का मज़बूत सहारा!”

Technical Analysis (Detailed): Stock tests pivot ₹542-546 (Classic/Fibonacci) with supports S1 ₹539/S2 ₹535; resistance R1 ₹543/R2 ₹545 breached earlier but retraced. RSI(14) 22.75 oversold, STOCHRSI 0 extreme oversold, MACD -9.1 sell, ADX 49 strong trend (downward bias); all MAs bearish (Strong Sell signal). Weekly +7.33%, monthly +3.4% but 1Y +23%; ATR 6.12 low volatility suits accumulation on dips to ₹535-540 targeting ₹600-620 if breaks ₹587 decisively.

Recent Rally Reasons (No New Highs Currently): No sustained new highs (52-wk ₹651 Oct 2025); recent +8-12% spikes on China graphite export curbs to US + EV battery PLI scheme benefiting Indian suppliers. HEG/Graphite rallied together on Q2 volume beats + EAF steel decarbonization; current price action shows profit booking post-Q2 weakness (PAT -58%). Positive News & Events: China Export Curbs (Dec 2024): Stricter graphite reviews to US boosts Indian exporters; +8-14% rally with HEG. EV Battery Demand: India 115 GWh by 2030 (CAGR 35%); Graphite anode 62% market by 2036. GODI Investment: 31% stake in EV battery tech firm (₹50 Cr) for lithium-ion anodes. Impact: Positions Graphite for battery diversification beyond electrodes (steel EAF). Negative News & Events: Q2FY26 Weakness: PAT -58% YoY to ₹76 Cr, revenue flat; stock -6.7% post-results. China Pricing Pressure: Aggressive export pricing erodes margins; customer caution delays orders. Poor Growth: 5-yr sales CAGR -3.72%, ROE 4.68% signals execution challenges.