HEG nears 52-week low; stock tanks 18%; down 31% in three sessions

The stock tanked 18% to Rs 2,244, falling 31% in past three trading days, quoting close to its 52-week low price of Rs 2,214 touched February 2, 2018 in intra-day trade.

Shares of graphite electrode manufacturer HEG  continue to trade under pressure, falling 18 per cent to Rs 2,244 on the BSE on  the back of heavy volumes. The stock is currently trading close to its 52-week low of Rs 2,214 touched February 2, 2018 in intra-day trade.

In the past three days, HEG tanked 31 per cent from a level of Rs 3,275, as compared to 1 per cent decline in the S&P BSE Sensex. The stock has corrected 55 per cent from its all-time of Rs 4,950 hit on October 16, 2018 in intra-day deals.

On Sunday,