HEG spurted 6.6% to Rs 210.10 at 9:45 IST on BSE after 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.
The Q3 result was announced after market hours on Tuesday, 4 February 2014.
Meanwhile, the S&P BSE Sensex was down 84.40 points or 0.42% at 20,127.53.
On BSE, so far 5,549 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 218 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 208 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 4 February 2014, declining 1% compared with Sensex's 3.07% fall. The scrip had also outperformed the market in past one quarter, surging 13.28% as against Sensex's 4.84% fall.
The small-cap company has equity capital of Rs 39.96 crore. Face value per share is Rs 10.
HEG's 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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