India, Sept. 9 -- Graphite India is back in the spotlight this week, though not for anything the company itself did. GrafTech, a major US-based electrode producer, announced a minimum 30% price hike across the board, and that's rippling through to Indian names like Graphite India almost immediately. The company's last quarter already showed decent sales growth but margins under strain, so a genuine pricing recovery would matter a lot here. Whether GrafTech's move actually sticks, and whether the rest of the industry follows, remains to be seen.

Shares of Graphite India Ltd are trading at Rs. 840.50, up 14.44 percent on Wednesday. The stock touched the intraday high of Rs. 844.00 after opening at Rs. 812.90 before slipping to a low of Rs...