After 800% rise in one year, is HEG stock still a good investment bet?
The midcap stock rose nearly nine times in one year on robust demand for its main product graphite electrode which is used for making steel worldwide. The firm also reported its Q1 earnings recently. Earnings before interest, tax depreciation and amortisation (EBITDA) rose to Rs 1,196 crore as against Rs 24 crore in the corresponding period last year.
- Aug 8, 2018,
- Updated Aug 8, 2018 5:47 PM IST
The HEG stock has proved to be a chartbuster on Dalal Street since the beginning of 2017. It gained 2760% since January 1 last year. The stock has gained 802% since the last one year compared to 18.15% rise in the Sensex.
The midcap stock rose nearly nine times in one year on robust demand for its main product graphite electrode which is used for making steel worldwide.
the markets and would remain a safe bet.
Written and edited by Aseem Thapliyal
The HEG stock has proved to be a chartbuster on Dalal Street since the beginning of 2017. It gained 2760% since January 1 last year. The stock has gained 802% since the last one year compared to 18.15% rise in the Sensex.
The midcap stock rose nearly nine times in one year on robust demand for its main product graphite electrode which is used for making steel worldwide.
the markets and would remain a safe bet.
Written and edited by Aseem Thapliyal