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HEG hits new high on stellar Q2 performance; stock zooms 1127% in 2017

The stock locked in upper circuit of 5% at Rs 1,841, also its new high on the BSE, after the company reported net profit of Rs 114 crore in Q2 against loss of Rs 14 crore in year ago quarter

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (
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Brokers trade at their computer terminals at a stock brokerage firm in Mumbai (

SI Reporter Mumbai
HEG was locked in upper circuit of 5% at Rs 1,841, also its new high on the BSE, after the company reported stellar performance in September 2017 (Q2FY18) with net profit Rs 114 crore. The company, a leading graphite electrode manufacturer in India, had recorded a net loss of Rs 14 crore in a year ago quarter. It had posted loss of Rs 50 crore in the entire previous financial year 2016-17.

Operational revenue during the quarter under review more than doubled at Rs 410 crore against Rs 194 crore (net of excise duty) in the corresponding quarter of