HEG, Graphite India hit new high on expectations of robust Q1 results
Shares of graphite electrode players -- Graphite India (up 4% at Rs 1,027 per share) and HEG (up 3% at Rs 3885 per share) hit their respective new highs on the BSE in intra-day trade on expectations of continuous healthy performance by these companies on the back of increasing realisations. “We expect companies to report a robust EBITDA (earnings before interest, tax, depreciation and amortization). HEG and Graphite India are likely to report strong EBITDA margins of 66.7% and 63.5%, respectively during April-June quarter (Q1FY19),� ICICI Securities said in result preview. The brokerage firm expects HEG to continue to report robust profitability for Q1FY19 supported by consistently increasing realisations.
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