HEG rose 2.1% to Rs 218.60 at 13:14 IST on BSE, with the stock extending Wednesday's 8.63% rally triggered by the company reporting strong Q3 earnings.
Meanwhile, the S&P BSE Sensex was down 100.61 points or 0.5% at 20,160.42.
On BSE, so far 25,000 shares were traded in the counter as against average daily volume of 3,677 shares in the past one quarter.
The stock hit a high of Rs 226 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 217.10 so far during the day. The stock had hit a 52-week low of Rs 140.20 on 7 August 2013.
The stock had outperformed the market over the past one month till 5 February 2014, advancing 7.53% compared with the Sensex's 2.83% fall. The scrip had also outperformed the market in past one quarter, jumping 22.13% as against Sensex's 3.4% fall.
The small-cap company has equity capital of Rs 39.96 crore. Face value per share is Rs 10.
Shares of HEG have rallied 10.9% in two trading sessions from a recent low of Rs 197.10 on 4 February 2014, after the company after market hours on 4 February 2014 reported strong Q3 December 2013 earnings. The stock had rallied 8.63% to settle at Rs 214.10 on Wednesday, 5 February 2014.
HEG's net profit jumped 284.6% to Rs 44.31 crore on 21% growth in net sales to Rs 423.69 crore in Q3 December 2013 over Q3 December 2012. EBITDA including other income and excluding exceptional items surged 54.79% to Rs 88.54 crore in Q3 December 2013 over Q3 December 2012.
HEG is a part of LNJ Bhilwara Group. The company is engaged in manufacturing of graphite electrodes and is also into captive power generation.
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