BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Weak demand and heightened inventory led to Graphite India Ltd.’s subdued realisations and lower sales volumes (last six quarters).
We expect it to benefit, however, from coming tailwinds.
- A pick-up in steel production globally (up 2.3% YoY in Q2 FY21)
- The recent rebound in graphite-electrode prices in China
- Expectations of complete destocking of electrode stocks in the next two quarters
- Benign raw material prices
Q2 FY21 capacity utilisation improved sequentially from 42% to 72%, which, we believe would continue.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR