Bengaluru, Sept. 19 -- During Friday's trading session, shares of the largest supplier of graphite electrodes in the domestic market and one of the leading players in a highly consolidated industry surged nearly 2 percent on BSE, after the company announced investing nearly Rs. 168 crores in a US-based graphite electrode manufacturer.

At 02:40 p.m., the shares of Graphite India Limited were trading in the green at Rs. 572.35 on BSE, up by around 1.2 percent, as against its previous closing price of Rs. 565.85, with a market cap of Rs. 11,182 crores. The stock has delivered positive returns of nearly 1 percent YTD, and has gained by over 24 percent in the last six months.

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According to the latest exchange filings, Graphit...