HEG surged 8.32% to Rs 492.25 at 11:52 IST on BSE, with the stock extending recent rally to hit 52-week high in intraday trade today, 21 July 2017.
Meanwhile, the S&P BSE Sensex was up 75.05 points or 0.24% at 31,979.45. The S&P BSE Small-Cap index rose 44.10 points or 0.28% at 16,043.98.
On the BSE, 1.37 lakh shares were traded on the counter so far as against the average daily volumes of 47,849 shares in the past one quarter. The stock had hit a high of Rs 498.35 so far during the day, which is a 52-week high. The stock hit a low of Rs 450.20 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 20 July 2017, advancing 61.35% compared with the Sensex's 1.94% rise. The stock had also outperformed the market over the past one quarter, gaining 59.46% as against the Sensex's 8.44% rise. The scrip had also outperformed the market over the past one year, spurting 143.8% as against the Sensex's 14.29% rise.
The small-cap company has equity capital of Rs 39.96 crore. Face value per share is Rs 10.
Shares of HEG have rallied 24.7% in four trading sessions to its ruling market price, from its close of Rs 394.75 on 17 July 2017. The stock has zoomed 228.16% in the calendar year 2017 so far (to its ruling market price).
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
