HEG tanked 7.91% to Rs 160.15 at 10:03 IST on BSE after the company reported net loss of Rs 13.47 crore in Q2 September 2016 compared with net profit of Rs 20.19 crore in Q2 September 2015.
The result was announced after market hours yesterday, 8 November 2016.Meanwhile, the S&P BSE Sensex was down 694.07 points or 2.52% at 26,897.07.
On BSE, so far 7,013 shares were traded in the counter as against average daily volume of 4,490 shares in the past one quarter. The stock hit a high of Rs 162 and a low of Rs 149.35 so far during the day. The stock had hit a 52-week low of Rs 116.10 on 17 February 2016. The stock had hit a 52-week high of Rs 203 on 16 September 2016. The stock had underperformed the market over the past one month till 8 November 2016, sliding 2.85% compared with 1.67% fall in the Sensex. The scrip had, however, outperformed the market in past one quarter, advancing 3.67% as against Sensex's 2.1% fall.
The small-cap company has equity capital of Rs 39.96 crore. Face value per share is Rs 10.
HEG's total income from operations declined 23.23% to Rs 199.77 crore in Q2 September 2016 over Q2 September 2015.
HEG is the leading manufacturer and exporter of graphite electrodes in India.
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