HEG hits record high on recent rally

HEG rose 4.4% to Rs 1,130.05 at 10:51 IST on BSE, with the stock hitting a record high on recent rally.

Meanwhile, the S&P BSE Sensex was up 190.96 points or 0.6% at 31,782.99. The S&P BSE Mid-Cap index advanced 128.12 points or 0.82% at 15,819.93.

On the BSE, 70,000 shares were traded on the counter so far as against the average daily volumes of 1.17 lakh shares in the past one quarter. The stock had hit a high of Rs 1,136.55 so far during the day, which is a record high. The stock hit a low of Rs 1,091.15 so far during the day. The stock had hit a 52-week low of Rs 144.10 on 22 November 2016.

The stock had outperformed the market over the past one month till 5 October 2017, advancing 51.24% compared with the Sensex's 0.68% fall. The stock had also outperformed the market over the past one quarter, surging 153.47% as against the Sensex's 1.11% rise. The scrip had also outperformed the market over the past one year, spurting 496.72% as against the Sensex's 11.95% 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 26.55% in five straight trading sessions to its ruling market price, from its close of Rs 892.95 on 28 September 2017.

HEG reported net loss of Rs 8.43 crore in Q1 June 2017, compared with net loss of Rs 28.97 crore in Q1 June 2016. Net sales rose 23.6% to Rs 205.36 crore in Q1 June 2017 over Q1 June 2016.

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

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