HEG Ltd.

NSE: HEG | BSE: 509631 | ISIN: INE545A01024 | Industry: Other Industrial Goods
| Mid-range Performer

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HEG Ltd.
07 Jun 2021
400.20
-1.46%
ICICI Securities Limited
Over the last few months, there has been a healthy uptick in global steel prices as well as global steel production levels. Graphite electrode players are likely to be one of the key beneficiaries of the current upcycle in steel. During the first four months of CY21, global crude steel production witnessed healthy growth, auguring well for graphite electrode majors. During January-April 2021, global steel production was at 663 million tonnes (MT), up 13.7% YoY. In addition to higher global steel output, steel prices witnessed healthy strength. Both above-mentioned factors, higher global...
HEG Ltd. is trading below its 100 day SMA of 437.4
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