HEG has recently completed its graphite electrode plant's capacity expansion to 100,000 tonne, which will make it the single largest plant in any location in the entire western world.
Graphite electrode manufacturer HEG's shares fell over 7 percent after the company announced its June quarter results.
Mashrani said the stock picks are primarily based on technical analysis, more than fundamental aspects of the business
The Sensex was up 18.11 points or 0.03 percent at 61,981.79, and the Nifty was up 33.60 points or 0.18 percent at 18,348.00. About 1,711 shares advanced, 1,694 shares declined, and 107 shares unchanged.
These are the only four companies that reported sales growth of at least 10 percent in each of the last 3 quarters of the calendar year 2018, according to data compiled by ACE Equity.
Manufacturer of graphite electrodes and graphite specialties HEG Ltd announced the Financial Results for the period ended March 31, 2013 on May 3. It posted a net profit of Rs 35.14 crore in the fourth quarter.
On October 10, 2011 Citigroup Global Markets Mauritius Private Limited sold 162,219 shares of Eon Electric at Rs 65 on the BSE and sold 187,500 shares at Rs 65 on the NSE.