HEG extends rally to hit record high

HEG was up 3.18% to Rs 2,515.10 at 10:53 IST on BSE, with the stock extending recent rally to hit record high in intraday trade.

Meanwhile, the S&P BSE Sensex was up 5.45 points or 0.02% at 33,818.20. The S&P BSE Mid-Cap index dropped 0.72%, underperforming the Sensex.

On the BSE, 47,000 shares were traded on the counter so far as against average daily volumes of 94,525 shares in the past one quarter. The stock had hit a high of Rs 2,544.95 so far during the day, which is a record high. The stock hit a low of Rs 2,435 so far during the day. The stock had hit a 52-week low of Rs 149.50 on 30 December 2016.

The stock had outperformed the market over the past one month till 1 January 2018, gaining 43.15% compared with the Sensex's 2.98% rise. The stock had also outperformed the market over the past one quarter, advancing 160.66% as against the Sensex's 8.08% rise. The scrip had also outperformed the market over the past one year, surging 1525.07% as against the Sensex's 26.99% rise.

The mid-cap company has equity capital of Rs 39.96 crore. Face value per share is Rs 10.

Shares of HEG have rallied 31.98% in seven trading sessions to its ruling market price of Rs 2,515.10, from its closing of Rs 1,905.65 on 21 December 2017.

HEG reported net profit of Rs 113.66 crore in Q2 September 2017 crore as against net loss of Rs 14.09 crore in Q2 September 2016. Net sales jumped 111.1% to Rs 409.54 crore in Q2 September 2017 over Q2 September 2016.

HEG is the leading manufacturer and exporter of graphite electrodes in India.

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