Graphite India shares fell 0.18% to ₹797.55 after the US Department of Commerce announced a 12.22% preliminary antidumping duty on its large‑diameter graphite electrodes. The cash deposit rate stands at 9.88%—a figure that will shape the cost to exporters.
The duty will only apply if the final determination confirms dumping; the effective date remains unscheduled, adding uncertainty to the cost curve.
Analysts estimate that US exports account for roughly 5% of Graphite India’s total volumes, suggesting the immediate revenue impact may be modest.
Despite the dip, the stock has climbed 23% year‑to‑date, indicating investor confidence in the company’s underlying fundamentals.
Investors will closely watch the final antidumping decision slated for early October and the company’s forthcoming earnings call for any forward guidance.