HEG hits new high; stock zooms 1245% in one year

The stock hit a new high of Rs 3,148, up 4%, extending its past four days 18% rally on the BSE in otherwise weak market on Friday.

HEG hit a new high of Rs 3,148, up 4%, extending its past four days 18% rally on the BSE in otherwise weak market on Friday. The company engaged in graphite electrodes business has outperformed the market by surging 23%, as compared to 0.61% rise in the Sensex thus far in the current week.

In past one year, the market value of HEG zoomed 1,245% from Rs 234, against 13% rise in the benchmark index.

The company had reported a robust performance during the first nine months (April-December) of current financial year 2017-18 (FY18), posted net profit of