The announcement was made after market hours yesterday, 19 November 2018.

Meanwhile, the S&P BSE Sensex was down 120.40 points, or 0.34% to 35,654.48.

On the BSE, 6,532 shares were traded in the counter so far compared with average daily volumes of 21,000 shares in the past two weeks. The stock had hit a high of Rs 4480 and a low of Rs 4364.05 so far during the day. The stock hit a 52-week high of Rs 4,950 on 16 October 2018. The stock hit a 52-week low of Rs 1,570.75 on 5 December 2017.

Net profit of HEG rose 682.07% to Rs 888.90 crore on 338% rise in net sales to Rs 1793.80 crore in Q2 September 2018 over Q2 September 2017.

HEG is India's leading graphite electrode manufacturer.