Shares of HEG hit an intraday high of ₹596, rising 19.5 per cent on the BSE in Wednesday's intraday trade amid heavy volumes. The stock closed 16.7 per cent higher at ₹581.9. Over the past two days, the stock of the graphite electrode manufacturer has risen nearly 33 per cent due to a healthy outlook and reports of possible gains arising from export curbs being planned by China. It was trading at its highest level since January 2019, having previously hit a record high of ₹990 on October 16, 2018.
According to media sources, China has announced that it will implement stricter end-user and end-use reviews for graphite exports to the US.
A Bloomberg report indicated that China announced an outright ban on several materials crucial to chipmaking from being exported to the US, citing concerns over military usage in a tit-for-tat move after US president Joe Biden's government escalated technology curbs on Beijing.
この記事は Business Standard の December 05, 2024 版に掲載されています。
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The underlying slowdown in growth is due to inflation
Reserve Bank of India (RBI) Governor Shaktikanta Das, along with Deputy Governors Michael Patra, M Rajeshwar Rao, Swaminathan J and T Rabi Sankar, responded to a range of questions during a post-policy media interaction. Excerpts:
Hike in FCNR(B) deposit rate may have limited impact on flows
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AI tool MuleHunter to tackle financial fraud
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Small finance banks can now offer pre-sanctioned credit line on UPI
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CRR cut to improve lenders' margins, may lift credit growth
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A policy addressing market microstructure
The Monetary Policy Committee (MPC) kept the rates and policy stance unchanged.
No signs of stress across Adani group entities: JP Morgan
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Tata Power eyes 40 mn customer base by 2030
Sinha was addressing the media at Tata Power's newly built 4.3 Gw solar module and cell manufacturing facility in Gangaikondan near Tirunelveli, Tamil Nadu.
LG Electronics latest to test India's IPO market
In India, LG Electronics is the largest home appliances and consumer electronics player after Samsung India Electronics.
Ceat set to acquire Camso for $225 mn
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