HEG hits record high ahead of June quarter results

The stock hit a record high of Rs 4,250, up 3.3% on the BSE in intra-day trade on Tuesday, ahead of June quarter (Q1FY19) results on Wednesday, August 1, 2018.

Shares of graphite electrode manufacturer HEG have hit a record high of Rs 4,250 per share, up 3.3% on the BSE in intra-day trade on Tuesday, ahead of June quarter (Q1FY19) results on Wednesday, August 1, 2018.

Since May 8, 2018, after the March quarter (Q4FY18) results, the stock has outperformed the market by surging 45% as compared to 6.5% rise in the S&P BSE Sensex.

For FY18, the company reported a stellar performance by reporting net profit of Rs 10.81 billion against net loss of Rs 501 million in FY17. The topline increased around 220% year on