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Moneycontrol Pro Ideas for Profit: HEG to benefit from surge in steel demand
The steel industry has been witnessing a surge in demand and leading graphite electrodes manufacturer HEG is a beneficiary of that. The company’s capacity utilization has gone up to 75 percent compared to 50 percent last year.
The steel industry has been witnessing a surge in demand and leading graphite electrodes manufacturer HEG is a beneficiary of that. The company’s capacity utilization has gone up to 75 percent compared to 50 percent last year.
HEG’s graphite electrodes inventory too has normalized sooner than expected due to ramp up in demand.
In the special segment ‘Moneycontrol Pro Ideas For Profit’, moneycontrol.com’s Anubhav Sahu gets details on how the stock is expected to perform.
Watch video for more.
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(Edited by : Aditi Gautam)
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