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HEG slumps after dismal Q4 results

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Capital Market

HEG tumbled 5.2% to Rs 208 at 12:05 IST on BSE after net profit fell 91.4% to Rs 4.01 crore on 42.5% decline in net sales to Rs 287.27 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced after market hours yesterday, 14 May 2015.

Meanwhile, the S&P BSE Sensex was up 97.35 points or 0.36% at 27,303.41.

On BSE, so far 8,214 shares were traded in the counter as against average daily volume of 8,087 shares in the past one quarter.

The stock hit a high of Rs 209.30 and a low of Rs 202.90 so far during the day. The stock had hit a 52-week low of Rs 201 on 9 February 2015. The stock had hit a 52-week high of Rs 350.90 on 15 September 2014.

 

The stock had outperformed the market over the past one month till 14 May 2015, sliding 0.23% compared with Sensex's 6.33% fall. The scrip had also outperformed the market in past one quarter, advancing 3.44% as against Sensex's 6.49% fall.

The small-cap company has equity capital of Rs 39.96 crore. Face value per share is Rs 10.

HEG is the leading manufacturer and exporter of graphite electrodes in India.

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First Published: May 15 2015 | 11:56 AM IST

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