HEG hit an upper circuit limit of 5% at Rs 1,840.75 at 10:18 IST on BSE after the company reported turnaround Q2 September 2017 results after market hours yesterday, 2 November 2017.
Meanwhile, the S&P BSE Sensex was up 33.51 points, or 0.10% to 33,606.73.On the BSE, 7,983 shares were traded in the counter so far, compared with average daily volumes of 1.33 lakh shares in the past one quarter. The stock opened with an upward gap of 5% at Rs 1,840.75 and remained stuck at that level so far, which is also a record high level for the counter. The stock 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 2 November 2017, rising 70.05% compared with 6% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 268.53% as against Sensex's 3.86% rise. The scrip had also outperformed the market in past one year, rising 936.11% as against Sensex's 22.39% rise.
The mid-cap company has equity capital of Rs 39.96 crore. Face value per share is Rs 10.
HEG reported net profit of Rs 113.66 crore in Q2 September 2017 crore as against net loss of Rs 14.09 crore in Q2 September 2016. Net sales jumped 111.1% to Rs 409.54 crore in Q2 September 2017 over Q2 September 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