Gujral told CNBC-TV18, "In the short-term Graphite can test Rs 112 but it could move to levels of Rs 130-135. What starts happening is that above 5,300 maybe the index becomes range bound but all these two digit stocks, things closer to Rs 80-100 they tend to start picking up momentum, so all of these stories less than Rs 100 will perform much better than before."
Graphite India has touched an intraday high of Rs 101.95 and an intraday low of Rs 96.55. At 10:47 hrs the share was quoting at Rs 101.00, up Rs 5.45, or 5.70%.
The company touched its 52 week high Rs 97.50 and 52 week low Rs 31.90 on 23 Apr, 2010 and 23 Apr, 2009, respectively. Currently, it is trading 3.59% below its 52-week high and 216.61% above its 52-week low. Market capitalisation stands at Rs 1,732.25 crore.
