HEG advanced 1.92% to Rs 4,426 at 10:21 IST on BSE after the company reported net profit of Rs 770.30 crore in Q1 June 2018 as compared with net loss of Rs 8.43 crore in Q1 June 2017.
The result was announced after market hours yesterday, 1 August 2018.Meanwhile, the S&P BSE Sensex was down 200.69 points or 0.53% at 37,320.93
On the BSE, 31,000 shares were traded on the counter so far as against average daily volumes of 32,000 shares in the past two weeks. The stock had hit a high of Rs 4,559.80 so far during the day, which is a record high. The stock hit a low of Rs 4,378.45 so far during the day. The stock had hit a 52-week low of Rs 447.10 on 28 July 2017.
The large-cap company has equity capital of Rs 39.96 crore. Face value per share is Rs 10.
HEG reported 672.97% surge in net sales to Rs 1587.38 crore in Q1 June 2018 over Q1 June 2017.
HEG is the leading manufacturer and exporter of graphite electrodes in India.
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