Stocks to Watch, 11 November: Stocks like Bajaj Finance, Vodafone Idea, Baazar Style Retail, Bajaj Consumer Care, Gujarat Gas, Triveni Turbine, Jindal Stainless, Power Mech Projects, Ather Energy, Vikran Engineering, Sula Vineyards, Syrma SGS Technology, Doms Industries, Alkem Laboratories, and Dr Reddy’s Laboratories will be in focus on November 11.
The anti-involution policy of China, which aims at curbing excessive competition among companies and reducing overcapacity, augurs well for HEG
Stocks to Watch, 10 September: Stocks like Kotak Mahindra Bank, Vikram Solar, Blue Jet Healthcare, Sun Pharmaceutical Industries, HEG, Sterling and Wilson, Mamata Machinery, Bikaji Foods International, and Optivalue Tek Consulting will be in focus on September 10.
Stocks to Watch, 01 September: Stocks like Torrent Power, NCC, PG Electroplast, BHEL, Popular Vehicles, EPACK Durable, Dharan Infra, Adani Power, Aurobindo Pharma, Classic Electrodes (India), Anondita Medicare, and Shivashrit Foods will be in focus on 01 September.
The capacity expansion by HEG can also be seen in the light of the US recently seeking to nudge its EV manufacturing to rely less on Chinese components.
Trump’s escalation of tariffs on steel products is a key near-term watch
Stocks to Watch, 20 May: Stocks like CMS Info Systems, GMR Power and Urban Infra, New India Assurance Company, Marksans Pharma, Ami Organics, Bharat Bijlee, Le Travenues Technology, Mangalam Organics, Integrity Infrabuild Developers, Power Grid Corporation of India, Bharat Electronics, DLF, ACME Solar Holdings, Borosil, Petronet LNG, and DOMS Industries will be in focus on May 20.
Resonac will liquidate its subsidiaries in China and Malaysia, leaving it with four sites in Japan, the US, Austria and Spain, reported Nikkei
Stocks to Watch, Mar 11: Stocks like Centum Electronics, NTPC Green Energy, Indian Bank, Urja Global, Bharat Electronics, NLC India, Ashoka Buildcon, Hisar Metal Industries, Anupam Rasayan India, Emcure Pharmaceuticals, Gensol Engineering, and Thermax will be in focus on March 11.
HEG is amongst the largest producers of graphite electrodes which is essential consumable for the steel manufacturing through EAF (Electric Arc Furnace) plants. Globally, new plants are preferred to be EAF as it is environment friendly. HEG being the lowest cost producer is better placed to absorb the potential tariffs in the US and capitalize on the demand coming from new steel plants.
Further downward movement seems possible in the market in the upcoming sessions. Below are some trading ideas for the near term.
The company should benefit from the structural trend of decarbonisation in the steel industry
Stocks To Watch Today, Jan 13: Stocks like Just Dial, PCBL, NCL Industries, Sunteck Realty, JSW Energy, Signature Global India, Sudarshan Pharma, Poly Medicure, ICICI Lombard General Insurance Company, Adani Wilmar, Indian Overseas Bank,Bank of Baroda, Ola Electric Mobility, and Standard Glass Lining Technology will be in focus on January 13.
After the significant weakness over the last four days, the market may see consolidative and rangebound trading with a slightly negative bias. Below are some trading ideas for the near term:
At close, the Sensex was up 1.6 at 81,510 and the Nifty was down 9 points or 0.04 percent at 24,610. About 1,969 shares advanced, 1,828 shares declined, and 122 shares remained unchanged.
HEG share price also skyrocketed 16 percent in the previous session, fueled by reports that China has tightened its review of graphite exports to the US, sparking concerns of a supply shortage.
Graphite electrodes are used in the steel industry and have become increasingly important in lithium-ion batteries, used by the automotive sector. Statista says the global market value of graphite is projected to reach $38 billion by 2028.