HEG, Graphite India surge upto 12% after Vanguard Group buys stake in them

HEG zoomed 12% to Rs 3,515, also its new high, while Graphite India locked in upper circuit of 5% at Rs 814 on the NSE.

Shares of graphite electrode manufacturer HEG and Graphite India have surged up to 12% on the National Stock Exchange (NSE) in early morning trade on Monday after the investment banker Vanguard Group bought the stake in these companies through open market on Friday.

HEG has zoomed 12% to Rs 3,515, also its new high, while Graphite India locked in upper circuit of 5% at Rs 814 on the NSE.

On March 16, 2018, investment management company Vanguard Group acquired 1.36 million equity shares of Graphite India for an average price of Rs 776.06 per share. The transaction totalled