India's HEG turns positive for 2026 after strong quarterly results

HEG Advanced Materials

23/07/2026 10:28

 
** HEG HEGL.NS soars as much as 12.9% to a near three-month high of 675.9 rupees; last up about 5%
** YTD, HEGL up 1%
** Graphite electrode maker reports Q1 net profit of 1.22 billion rupees, against loss a quarter ago
** Revenue from operations up 12.9% sequentially
** Strong performance also pushes peer Graphite India GRPH.NS up about 6% for the day, 3.2% for the year
** Stocks among top three gainers on Nifty 500 index .NIFTY500
** ICICI Securities says HEGL's gross margins also improved sequentially, driven by lower raw material costs

(Reporting by Vivek Kumar M)
((VivekKumar.M@thomsonreuters.com;))