Valuations for the sector are, by and large, not expensive but not cheap either. In some cases, it is close to the long-term averages and should be evaluated case by case.

Buy HEG; target of Rs 1225: ICICI Direct

ICICI Direct is bullish on HEG recommended buy rating on the stock with a target price of Rs 1225 in its research report dated November 18, 2022.

Hold HEG; target of Rs 1400: ICICI Direct

ICICI Direct recommended hold rating on HEG with a target price of Rs 1400 in its research report dated August 18, 2022.

HEG: Traction in European demand key watch in the near term

While the quarterly performance was remarkable, near-term prospects are a bit subdued due to the lower demand in Europe.

For chemicals, Budget 2022 is a minor reversal of import substitution policy

A reduction of duties on key chemicals to help soften raw material inflation

Buy HEG; target of Rs 2800: ICICI Direct

ICICI Direct is bullish on HEG recommended buy rating on the stock with a target price of Rs 2800 in its research report dated June 07, 2021.

HEG goes big on capacity, pins hopes on earnings recovery

HEG stock’s performance is contingent on the earnings cycle as realisations pick up

HEG: From value play to recovery play

According to HEG management, the industry level inventory has swiftly normalised, which points to higher utilisation levels and pricing growth in electrodes in the near term

HEG: Valuation below replacement cost

The spot price for needle coke -- the key raw material -- is around $1,800 per tonne. At this price, according to HEG, the industry should make decent margins

Hold HEG; target of Rs 750: ICICI Direct

ICICI Direct recommended hold rating on HEG with a target price of Rs 750 in its research report dated August 18, 2020.

Hold HEG; target of Rs 900: ICICI Direct

ICICI Direct recommended hold rating on HEG with a target price of Rs 900 in its research report dated June 23, 2020.

Quick Take | HEG buyback acceptance ratio to be low; fundamentals intact

HEG’s plan includes a proposal to buy back 1,363,636 shares (3.41 percent of paid-up capital). Buyback price of Rs 5,500 is at 41 percent premium to the prevailing market price.

Buy HEG; target of Rs 5750: ICICI Direct

ICICI Direct is bullish on HEG has recommended buy rating on the stock with a target price of Rs 5750 in its research report dated November 27, 2018.

Buy HEG; target of Rs 5750: ICICI Direct

ICICI Direct is bullish on HEG has recommended buy rating on the stock with a target price of Rs 5750 in its research report dated November 09, 2018.

Buy HEG on dips; higher FY19 capacity utilisation guidance a positive

The management said Chinese government’s anti-pollution campaign is stricter in the current year

Buy HEG; target of Rs 5000: ICICI Direct

ICICI Direct is bullish on HEG has recommended buy rating on the stock with a target price of Rs 5000 in its research report dated August 07, 2018.

Graphite electrodes: Strong cash flow visibility; needle coke supply is key

All in all, investors with high risk appetite only should add position to graphite electrode manufacturers.

Buy HEG; target of Rs 2250: ICICI Direct

ICICI Direct is bullish on HEG has recommended Buy rating on the stock with a target price of Rs 2250 in its research report dated November 03 , 2017.

Buy HEG Ltd; target of Rs 700: ICICI Direct

ICICI Direct has recommended buy rating on HEG Ltd with a target price of Rs 700 in its research report dated August 29, 2017.