HEG strengthens on reporting 35.50% rise in Q4 net profit

HEG is currently trading at Rs. 246.95, up by 2.50 points or 1.02% from its previous closing of Rs. 244.45 on the BSE. The scrip opened at Rs. 252.60 and has touched a high and low of Rs. 256.95 and Rs. 245.00 respectively. So far 45149 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 256.95 on 22-Apr-2014 and a 52 week low of Rs. 140.20 on 07-Aug-2013. Last one week high and low of the scrip stood at Rs. 256.95 and Rs. 235.00 respectively. The current market cap of the company is Rs. 983.39 crore. The promoters holding in the company stood at 58.78% while Institutions and Non-Institutions held 11.56% and 29.66% respectively. HEG has has reported a rise on 32.50% in its net profit at Rs 46.56 crore for the quarter ended March 31, 2014 as compared to Rs 35.14 crore for the same quarter in the previous year. Total income from operations of the company has increased by 12.35% at Rs 501.43 crore for quarter under review as compared to Rs 446.30 crore for the quarter ended March 31, 2013. For the full year ended March 31, 2014, the company has reported a fall on 18.12% in its net profit at Rs 86.62 crore as compared to Rs 105.79 crore for FY13. Total income from operations has decreased by 9.60% at Rs 1466.81 crore for year under review as compared to Rs 1622.61 crore for the year ended March 31, 2013.