HEG fell 1.73% to Rs 380.30 at 10:52 IST on BSE, with the stock sliding on profit booking after recent rally.
Meanwhile, the S&P BSE Sensex was down 29.34 points, or 0.09% at 31,192.28. The S&P BSE Small-Cap index was up 3.13 points, or 0.02% at 15,575.97.
On the BSE, 21,000 shares were traded on the counter so far as against the average daily volumes of 1.29 lakh shares in the past two weeks. The stock had hit a high of Rs 390 and a low of Rs 376.55 so far during the day. The stock had hit a 52-week high of Rs 391 on 3 July 2017 and a 52-week low of Rs 144.10 on 22 November 2016.
The stock had outperformed the market over the past one month till 3 July 2017, advancing 41.81% compared with the Sensex's 0.17% fall. The scrip had also outperformed the market over the past one quarter advancing 72% as against the Sensex's 4.38% rise. The scrip had also outperformed the market over the past one year advancing 141.95% as against the Sensex's 15.02% rise.
The small-cap company has equity capital of Rs 39.96 crore. Face value per share is Rs 10.
Shares of HEG had rallied 21.43% in the preceding three trading sessions to settle at Rs 387 yesterday, 3 July 2017, from its close of Rs 318.70 on 28 June 2017.
HEG reported net loss of Rs 3.86 crore in Q4 March 2017, compared with net loss of Rs 27.11 crore in Q4 March 2016. Net sales rose 44.4% to Rs 247.68 crore in Q4 March 2017 over Q4 March 2016.
HEG is the leading manufacturer and exporter of graphite electrodes in India.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
