SMC Global Research has picked up Graphite India as its techno-funda call and has recommended `Buy` around Rs 91 on the stock for target price of Rs 98-105 as against current market price (CMP) of Rs 90.75, in its report dated May 21, 2012.

Prime Focus observed a jump of 2.57 times in total traded volume over 22-DMA to 2518975 both at BSE and NSE. The 22-DMA volume stood at 978631.

For 4QFY2012, Graphite India's (GIL) top line came in at Rs.452cr, registering 48.6% yoy growth. EBITDA margin contracted by 142bp yoy to 18.3%.

Graphite India Ltd has informed BSE that Mr. Bhaskar Mitter, Director of the Company, due to retire by rotation at the forthcoming AGM of the Company to be held on August 03, 2012 has informed the Company of his decision not to seek re-appointment due ...