India's HEG rises after investment in GrafTech International

HEG Advanced Materials

08/10/2024 06:39

** Shares of HEG Ltd  HEGL.NS  rise as much as 6% to
2,361.95 rupees
    ** Graphite electrodes maker has invested 2.49 bln rupees
($29.7 mln) in graphite products maker GrafTech International
 EAF.N  for an 8.23% stake
    ** Stock on track to snap four days of losses
    ** More than 345,000 shares traded as of 11:02 a.m. IST, vs
their 30-day moving avg of 493,313 shares
    ** HEGL last up 4.9%, adding to YTD gains of 22.4% so far


($1 = 83.9500 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))