Graphite India reported healthy utilisation level for Q4FY17 (89% in Q4FY17 compared to capacity utilisation of 85% in Q3FY17, 70% in Q4FY16). Demand for graphite electrodes has started picking up after the inventory correction at the customers' end, auguring well for the company. Going forward, on a standalone, basis we have modelled capacity utilisation of 85% for FY18E and 88% for FY19E. On a consolidated basis, we have modelled capacity utilisation of 80% for FY18E and 85% for FY19E (the management has guided capacity...