Resonac’s exit triggers rally in HEG, Graphite India shares

Resonac's decision to shut graphite electrode units in China and Malaysia has ignited a rally in Indian peers HEG and Graphite India, which surged nearly 13% on Monday. Resonac cited overcapacity and pricing pressure as the reason behind its move. Analyst Adarsh Nimborkar views this as a structural shift that enhances the earnings potential of its Indian peers.