The counter has jumped 26.65% in three trading sessions from its previous closing low of Rs 180.10 on 17 November 2020. The stock is 47.87% away from its 52-week high of Rs 337.3 registered on 28 November 2019. The stock has soared 121.4% from its 52-week low of Rs 228.1 hit on 25 March 2020.

In last three month, Graphite India has gained 17.2%, outperforming the BSE Small Cap index's rise of 11.54% in the same period.

On the technical front, the stock's RSI (relative strength index) stood at 80.179. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30.

The stock is trading above its 50 and 100 days simple moving average placed at 185.81 and 184.28 respectively. These levels will act as crucial support zones in near term.

Graphite India is the largest Indian producer of graphite electrodes and one of the largest globally, by total capacity.

The company reported a consolidated net loss of Rs 41 crore in Q2 FY21 compared with net profit of Rs 185 crore in Q2 FY20. Net sales during the quarter declined by 45% year-on-year (YoY) to Rs 485 crore in Q2 FY21. Pre-tax loss in Q2 September 2020 stood at Rs 45 crore.

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HEG Ltd, SpiceJet Ltd, Shankara Building Products Ltd and Bharat Electronics Ltd are among the other gainers in the BSE's 'A' group today, 19 November 2020.

Graphite India Ltd spiked 19.98% to Rs 221.9 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.44 lakh shares were traded on the counter so far as against the average daily volumes of 39331 shares in the past one month.

HEG Ltd surged 15.48% to Rs 828.15. The stock was the second biggest gainer in 'A' group. On the BSE, 1.63 lakh shares were traded on the counter so far as against the average daily volumes of 11781 shares in the past one month.

SpiceJet Ltd soared 12.66% to Rs 74.75. The stock was the third biggest gainer in 'A' group. On the BSE, 38.88 lakh shares were traded on the counter so far as against the average daily volumes of 8.12 lakh shares in the past one month.

Shankara Building Products Ltd added 12.16% to Rs 337.65. The stock was the fourth biggest gainer in 'A' group. On the BSE, 19227 shares were traded on the counter so far as against the average daily volumes of 4016 shares in the past one month.

Bharat Electronics Ltd advanced 8.85% to Rs 105.2. The stock was the fifth biggest gainer in 'A' group. On the BSE, 14.66 lakh shares were traded on the counter so far as against the average daily volumes of 3.6 lakh shares in the past one month.

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Net loss of Graphite India reported to Rs 41.00 crore in the quarter ended September 2020 as against net profit of Rs 185.00 crore during the previous quarter ended September 2019. Sales declined 45.01% to Rs 485.00 crore in the quarter ended September 2020 as against Rs 882.00 crore during the previous quarter ended September 2019.

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Net profit of Graphite India declined 97.01% to Rs 5.00 crore in the quarter ended September 2020 as against Rs 167.00 crore during the previous quarter ended September 2019. Sales declined 43.22% to Rs 473.00 crore in the quarter ended September 2020 as against Rs 833.00 crore during the previous quarter ended September 2019.

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