Business Standard

HEG hits record high ahead of June quarter results

The stock hit a record high of Rs 4,250, up 3.3% on the BSE in intra-day trade on Tuesday, ahead of June quarter (Q1FY19) results on Wednesday, August 1, 2018.

HEG hits record high ahead of June quarter results
Premium

SI Reporter Mumbai
Shares of graphite electrode manufacturer HEG have hit a record high of Rs 4,250 per share, up 3.3% on the BSE in intra-day trade on Tuesday, ahead of June quarter (Q1FY19) results on Wednesday, August 1, 2018.

Since May 8, 2018, after the March quarter (Q4FY18) results, the stock has outperformed the market by surging 45% as compared to 6.5% rise in the S&P BSE Sensex.

For FY18, the company reported a stellar performance by reporting net profit of Rs 10.81 billion against net loss of Rs 501 million in FY17. The topline increased around 220% year on

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 31 2018 | 11:59 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com