Shares of graphite stocks Graphite India GRPH.NS and HEG HEGL.NS jump 7.9% and 11%, respectively
Industry leader Graftech EAF.N raised prices of graphite electrodes by a minimum of $600 to $1,200 per metric ton on Thursday, citing Iran war-driven rise in raw material costs
ICICI Direct Research estimates EAF has raised prices by 15%-30% and expects it to pave the way for more price hikes in India
Analysts, on average, rate GRPH and HEGL "strong buy" - data compiled by LSEG
HEGL trims losses since beginning of Iran war to 2.4%, GRPH pares losses to 9%