Indian graphite electrodes maker HEG falls on Q1 profit slump

HEG Advanced Materials

14/08/2024 09:57

** Shares of graphite electrodes maker HEG  HEGL.NS  drop 8%
to 1,995 rupees, set for worst day in over two months
    ** Co's June-qtr consol profit plummets 83%, rev from ops
drops 15%
    ** Co approves sub-division of one share into five
    ** HEGL on track to snap three-day gaining streak
    ** Traded vol is 1.5x times the 30-day avg
    ** Stock up ~4% YTD

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))