RHI Magnesita India

As steelmakers shift toward electric arc furnaces, five Indian electrode and refractory stocks—Graphite India, HEG, RHI Magnesita, Raghav, and IFGL—are set to benefit from the green steel wave.

The Indian stock market saw its fourth consecutive winning session, with the Nifty 50 and S&P BSE Sensex both gaining 0.14%. Broader markets outperformed, led by Nifty Realty's 1.42% surge.

Q4 results on May 28: IRCTC, Deepak Nitrate, SAIL, Cummins, Bata, Nuvama Wealth, 3M, Natco Pharma, and Finolex Cables are among 428 firms to release their earnings report today.

Multibagger smallcap stock RHI Magnesita has gained 36% in just the last two weeks, rising from ₹ 392 apiece to ₹ 533. This was the longest weekly run for this small-cap stock in recent history, helping it erase its six-month sustained drop.

Indian markets rebounded strongly in March after five months of decline, with small-cap stocks leading the recovery. The Nifty Small-cap 250 index gained 9%, outperforming the Nifty 50. Overall, 36 stocks from the Nifty Small-cap 250 index recorded gains between 20% and 45% in March.

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today —Chemplast Sanmar, Poly Medicure Ltd, DOMS Industries, Rhi Magnesita India Ltd, and Axiscades Technologies Ltd.

Stock Market Today: Mid cap stock RHI Magnesita India share price gained more than 9% in morning trades on Friday, post Q1 results. The Ebitda margins at highest levels post acquisitions

Stocks to buy today: Experts have recommended nine day trading stocks for today — RHI Magnesita India, Polyplex, Delhivery, Sun Pharma, TVS Motor, Mazagon Dock Shipbuilders, Carborundum Universal, KPR Mill and Indusind Bank.