Emkay Global lifts PT on Graphite India on electrode pricing, cost tailwinds
BUZZ-Emkay Global lifts PT on Graphite India on electrode pricing, cost tailwinds ** Emkay Global raises its PT on Graphite India GRPH.NS to 1,050 rupees from 900 rupees and reiterates "buy"
** Says recently announced graphite electrode price hikes could improve pricing discipline, though actual implementation and contract volumes remain key monitorables
** Expects further cost reductions from lower power and fuel costs, furnace upgrades and efficiency measures to support margins in FY28
** Sees advanced materials, defence businesses and the anode project supporting longer-term growth prospects, while near-term earnings to be driven by electrode pricing and cost savings
** Stock up 1.7% at 794.50 rupees on the day; benchmark Nifty 50 .NSEI trading 0.6% higher
** Stock up 23.8% year-to-date
(Reporting by Kashish Tandon in Bengaluru)
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