This graphite electrode stock rallied 96% in 2018 and 1455% in 2017

HEG hit a new high of Rs 4,660, up 5% on the BSE, after the company reported a stellar set of numbers by reporting a net profit of Rs 7.7 billion in June quarter.

Shares of graphite electrode manufacturer HEG hit a new high of Rs 4,660, up 5% on the BSE in intra-day trade, after the company reported a stellar set of numbers by reporting a net profit of Rs 7.7 billion for the first quarter of financial year 2018-19 (Q1FY19). The company had posted a net loss of Rs 84 million in the same quarter year ago.

Revenue of the company during the quarter under review increased 7.4 times at Rs 15.95 billion against Rs 2.14 billion in the previous year quarter. EBIDTA (earnings before interest, tax, depreciation and amortization) margin