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HEG falls 20% in four trading sessions ahead of December quarter earnings

HEG was down 8% to Rs 2,025 ahead of December quarter result later in the day

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SI Reporter Mumbai
Shares of HEG were down 8 per cent to Rs 2,025 apiece on BSE in the intra-day trade on Tuesday, ahead of October-December quarter (Q3FY19) result today.

The stock of graphite electrode (GE) maker had declined 20 per cent in the past four trading days, as compared to a 1.5 per cent fall in the S&P BSE Sensex. It touched a 52-week low of Rs 1,975 on January 29, in intra-day trade.

Since November 1, 2018, post-September quarter (Q2FY19) results, the market price of HEG has tanked 53 per cent from the level of Rs 4,264, on concerns of