Indian graphite electrodes maker HEG soars on robust Sept-qtr earnings

HEG Advanced Materials

10/11/2021 05:45

** Shares of graphite electrodes maker  HEGL.NS  up as much
as 11.5% at 2285.80 rupees - their biggest intraday pct gain
since Oct. 4    
    ** Co reports https://bit.ly/3mWunZT Sept-quarter consol net
profit of 1.36 bln  rupees ($18.33 million), compared with a
loss of 153.6 mln rupees year ago
    ** Co reports a 60.3% jump in Sept-quarter consol revenue
from operations from a year ago to 5.18 bln rupees, helped by
strength in its graphite segment 
    ** HEGL says its graphite segment had revenues in Sept-qtr
of 5.14 bln rupees vs 3.18 bln rupees year ago 
    ** Shares rise to their highest since Oct 21 in their second
straight session of gains 
    ** More than 389,000 shares traded by 0523 GMT, 2 times
their 30-day avg of over 192,000 shares
    ** As of last close, HEGL had risen 121.4% this year 

($1 = 74.1900 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))