HEG shares surge over 4% today as Japan imposes 5-year anti-dumping duty on Chinese graphite electrodes
By Aditya Bhagchandani Published on June 27, 2025, 11:42 IST
Shares of HEG Ltd surged over 4% during Friday's session after reports that Japan has imposed a five-year anti-dumping duty on graphite electrodes imported from China. The stock rose 4.28% to trade at Rs 516.55 as of 11:40 AM, up Rs 21.20 from the previous close of Rs 495.35.
Japan's decision follows a government investigation which concluded that Chinese graphite electrodes were being sold at unfairly low prices, hurting Japanese domestic manufacturers like SEC Carbon, Tokai Carbon, and Nippon Carbon. The new anti-dumping measure is expected to provide a competitive edge to Indian graphite electrode makers like HEG, especially in the HP-grade segment, by limiting Chinese supply in Japan and possibly shifting demand to alternative suppliers.
This development comes after recent curbs by China on graphite exports to the US and other markets, driving further interest in Indian producers.
In Friday's trade, HEG shares touched an intraday high of Rs 508.90 and a low of Rs 496.00. The company's market capitalization stands at Rs 9,795 crore, with an average daily trading volume of 1.58 million shares. The stock currently trades at a P/E ratio of 85.23.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Entrepreneur
38 minutes ago
- Entrepreneur
JSW Ventures Leads INR 40 Cr Round in Villa Rental Platform StayVista
The funds will be used to expand operations, strengthen the team, and enhance customer experience. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. JSW Ventures, the venture capital arm of the JSW Group, has led an INR 40 crore investment round in villa rental platform StayVista, with participation from existing backers DSG Consumer Partners and Capri Global Family Office. The funds will be used to expand operations, strengthen the team, and enhance customer experience, according to the company's official statement. Founded in 2019 by Ankita Sheth, Amit Damani, and Pranav Maheshwari, StayVista offers a curated selection of luxury villa rentals, primarily comprising second homes owned by individuals. The company currently operates 1,000 properties across 85 locations, having served over 1 million customers to date. "StayVista is the largest player in the space and is well-positioned to benefit from the growing demand for alternative accommodations," said Sachin Tagra, Managing Partner, JSW Ventures. "It's a capital-efficient business with significant growth potential." Co-founder Pranav Maheshwari added, "We aspire to make StayVista not just India's largest villa hospitality brand, but also the go-to platform for alternative accommodations." StayVista's model provides a win-win for both homeowners and travelers, allowing property owners to monetise their second homes while offering unique stay experiences. The Indian vacation rental market, currently valued at USD 22.3 billion, is projected to grow at 9% annually, reaching USD 34.1 billion by 2029, driven by rising disposable incomes and flexible work trends. JSW Ventures focuses on early-stage investments in tech-led startups, with a portfolio spanning healthtech, agritech, fintech, and AI-powered enterprise solutions.
Bloomberg
an hour ago
- Bloomberg
India's JSW Plans $468 Million Debt Sale to Fund Akzo Deal
Indian conglomerate JSW Group is in talks with global lenders to raise about 40 billion rupees ($468 million) to partly fund its purchase of Akzo Nobel NV 's local business, according to people familiar with the matter. Foreign banks including Barclays Plc, Mitsubishi UFJ Financial Group Inc. and Standard Chartered Bank Plc will arrange the debt, which is expected to be denominated in rupees, said the people, who asked not to be identified because the information is confidential.
UPI
an hour ago
- UPI
China, U.S. confirm trade deal framework reached
President Donald Trump speaks during the "One, Big, Beautiful Event" in the East Room of the White House in Washington, D.C., on Thursday, June 26, 2025. During the press conference, Trump remarked that a trade deal has been signed with China. Photo by Ken Cedeno/UPI | License Photo June 27 (UPI) -- The United States and China have reached a trade deal, China's Commerce Ministry confirmed in a statement on Friday. The confirmation comes hours after U.S. President Donald Trump on Thursday remarked during a press conference that "We just signed with China yesterday," without further explanation. He was speaking about trade deals with foreign nations and said one with India may be on the horizon. The statement from Beijing said the two sides held trade talks in London on June 9 and 10 and they "reached a principled agreement on a framework" for a deal that will see China approve export applications for controlled items, while the United States will lift what it called "a series of restrictive measures previously imposed on China." The meetings in London were held following a phone call between Chinese leader Xi Jinping and Trump on June 5. Specifics of the trade deal were scant, and it was not immediately clear which restrictive measures were being referred to nor what export applications were to be affected by the deal, as both Beijing and Washington have imposed restrictive commerce controls on one another amid a trade war that began in February when Trump imposed a 10% fentanyl-related tariff on Chinese goods that he then doubled to 20%. He then followed with additional tariffs that added up to 145%, which China retaliated against with tariffs of its own with a 125% levy against U.S. imports. Last month, the two countries agreed to a 90-day pause to allow more time for negotiations, which saw U.S. tariffs on Chinese goods drop to 30% and Chinese tariffs on U.S. goods decrease to 10%. This is a developing story.
