Multibagger Stock: The stock of HEG Ltd has given returns of over 900 per cent in the last five years. The stock of the graphite electrode maker, which closed at Rs 152 on December 21, 2016, rose to Rs 1,524 on the Bombay Stock Exchange (BSE) on Tuesday (December 21, 2021). An amount of Rs 1 lakh invested in HEG stock five years ago would have become Rs 10.02 lakh today. In comparison, the Sensex has gained 114 per cent during this period.
The mid-cap stock had hit a 52-week high of Rs 2,626 on October 5 this year. However, since then it has declined by 42% due to profit-booking. The stock touched its 52-week low of Rs 805.90 on December 21, 2020.
The stock was trading at Rs 1,524 with a fall of 1.18 per cent on the BSE today. The market cap of the firm was Rs 6,021 crore. HEG stock has gained 64.14 per cent since the beginning of this year and 78 per cent in one year. However, the stock has lost 25.89% in one month.
The stock opened at Rs 1,574 with a gain of 2.07 per cent on Tuesday. It touched a high of Rs 1580.05 with a gain of 2.46% on BSE. The share of HEG Limited is lower than the moving averages of 5 Day, 20 Day, 50 Day, 100 Day and 200 Day.
HEG Ltd. is a leading Graphite Electrode Manufacturer in India. Graphite electrodes are used in steel making through the electric arc furnace route.
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