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HEG Limited shares soared 12% Tuesday, hitting ₹591 intraday, as recovering global steel output revived graphite electrode orders, the core consumable for electric arc furnaces.
Volume exploded to 2 million shares, the highest in months, pushing market cap to ₹8,000 crore. Q2FY26 sales rose 20% to ₹1,200 crore, profits at ₹150 crore, margins at 12.5% on needle coke price stability.
HEG, with 15% domestic share, exports 60% to Europe and US, where steel production up 5% YoY. 52-week range ₹500-₹651 reflects commodity swings.
Brokerages eye ₹650 targets on 25% CAGR.
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