India's HEG hits nearly eight-month high on Q1 profit surge

HEG Advanced Materials

31/07/2025 05:48

** Shares of HEG HEGL.NS surge 10.7% to 590 rupees, highest since December 10 2024

** Stock marks biggest intraday pct gain since March 25

** Graphite electrodes manufacturer posts a 3.5 times Y/Y rise in June-quarter consol profit to 1.05 bln rupees ($11.41 million)

** Revenue from operations rises 8% Y/Y

** Co approves 6.50 bln rupees expansion plan for graphite electrodes and related products to add 15,000 TPA capacity

** More than 8.6 shares change hands, 9.6x of 30-day avg

** Stock up  15.7% YTD

($1 = 87.6300 Indian rupees)

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))