Graphite India hits near 8-year high after GrafTech hikes electrode price

** Electrodes maker Graphite India's GRPH.NS shares jump more than 13% to 831.8 rupees, their highest level since December 2018

** Global graphite electrode leader GrafTech International EAF.N announces minimum 30% increase in prices

** GRPH trades at forward 12 month PE of 18.14 vs industry median of 35.35 - LSEG-compiled data

** All 3 brokerages covering GRPH rate it "buy" or higher; median PT is 900 rupees - LSEG-compiled data

** YTD, stock up 26.7%