New Delhi, Nov. 4 -- Multibagger small-cap stock HEG Advanced Materials closed Wednesday's trading session locked in the 20% upper circuit at Rs.289 apiece, as investors cheered the company's upbeat performance in the September quarter.

The rally also marked the stock's biggest single-day gain since October 2018 and lifted its returns in 2026 to 27.35%, putting it on track to post gains for the fourth consecutive year.

Part of the LNJ Bhilwara Group, HEG Advanced Materials is a new-age platform spanning advanced battery materials, backed by a strong manufacturing, research and development (R&D), and innovation foundation. The company is also engaged in battery energy solutions and green power.

For the quarter ended September 2026, the ...