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HEG rallies 40% in six sessions

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was locked at 10% upper circuit at Rs 1,250.20 at 10:05 on BSE, with the stock hitting a record high on recent rally.

Meanwhile, the S&P Sensex was up 115.39 points or 0.36% at 31,929.61. The S&P Mid-Cap index advanced 77.79 points or 0.49% at 15,917.94.

On the BSE, 1.24 lakh shares were traded on the counter so far as against the average daily volumes of 1.17 lakh shares in the past one quarter. The stock had hit a high of Rs 1,250.20 so far during the day, which is a record high. The stock hit a low of Rs 1,179.70 so far during the day. The stock had hit a 52-week low of Rs 144.10 on 22 November 2016.

The stock had outperformed the market over the past one month till 6 October 2017, advancing 61.48% compared with the Sensex's 0.48% rise. The stock had also outperformed the market over the past one quarter, surging 168.34% as against the Sensex's 1.42% rise. The scrip had also outperformed the market over the past one year, rallying 525.85% as against the Sensex's 13.19% rise.

The mid-cap company has equity capital of Rs 39.96 crore. Face value per share is Rs 10.

Shares of have rallied 40% in six straight trading sessions to its ruling market price, from its close of Rs 892.95 on 28 September 2017.

reported net loss of Rs 8.43 crore in Q1 June 2017, compared with net loss of Rs 28.97 crore in Q1 June 2016. Net sales rose 23.6% to Rs 205.36 crore in Q1 June 2017 over Q1 June 2016.

HEG is the leading manufacturer and exporter of graphite electrodes in India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 09 2017. 10:05 IST