HEG rose 3.14% to Rs 4395.20 at 9:18 IST on BSE after the company said its board will meet on 26 November 2018 to consider the proposal of buyback of the equity shares of the company.
The announcement was made after market hours yesterday, 19 November 2018.Meanwhile, the S&P BSE Sensex was down 120.40 points, or 0.34% to 35,654.48.
On the BSE, 6,532 shares were traded in the counter so far compared with average daily volumes of 21,000 shares in the past two weeks. The stock had hit a high of Rs 4480 and a low of Rs 4364.05 so far during the day. The stock hit a 52-week high of Rs 4,950 on 16 October 2018. The stock hit a 52-week low of Rs 1,570.75 on 5 December 2017.
Net profit of HEG rose 682.07% to Rs 888.90 crore on 338% rise in net sales to Rs 1793.80 crore in Q2 September 2018 over Q2 September 2017.
HEG is India's leading graphite electrode manufacturer.
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