HEG rose 1.66% to Rs 248.50 at 10:01 IST on BSE after the company's net profit rose 32.6% to Rs 46.57 crore on 12.7% increase in net sales to Rs 499.49 crore in Q4 March 2014 over Q4 March 2013.
The company made the announcement after market hours on Monday, 21 April 2014.
Meanwhile, the BSE Sensex was up 57.65 points, or 0.25%, to 22,822.48.
On BSE, so far 36,000 shares were traded in the counter, compared with an average volume of 10,505 shares in the past one quarter.
The stock hit a high of Rs 256.95 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 247 so far during the day. The stock hit a 52-week low of Rs 140.20 on 7 August 2013.
The stock had outperformed the market over the past one month till 21 April 2014, rising 22.84% compared with the Sensex's 4.65% rise. The scrip had also outperformed the market in past one quarter, rising 22.93% as against Sensex's 7.12% rise.
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The small-cap company has an equity capital of Rs 39.96 crore. Face value per share is Rs 10.
HEG's net profit fell 18.1% to Rs 86.62 crore on 9.8% decline in net sales to Rs 1458.91 crore in the year ended March 2014 over the year ended March 2013.
HEG is the leading manufacturer and exporter of graphite electrodes in India. HEG is the world's largest single site plant of graphite electrodes with a production capacity of 80,000 MT per annum. HEG also operates three power generation facilities with a total rated capacity of about 77 MW.
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