New Delhi, Sept. 9 -- Graphite India share price surged nearly 18% to hit a fresh 52-week high on Wednesday, after global graphite electrode maker GrafTech International announced a 30% price increase, raising hopes of a recovery in global electrode realisations.

GrafTech International's shares also rallied around 15% overnight on Wall Street following the pricing announcement, signalling that the move has been positively received by investors.

The price hike is viewed as a positive development for Indian graphite electrode manufacturers, including Graphite India, as it suggests a potential improvement in global electrode pricing following a prolonged period of weak realisations.

According to various reports, experts believe that susta...