Battery Manufacturing Stock Bets Rs5,500 Cr on India's Clean Energy Boom with a 500% Production Increase
India, July 18 -- The shares of this small-cap company, majorly engaged in manufacturing and exporting of graphite electrodes and many more, were in focus after the company planned a capex of Rs. 5,500 Crores and scale its multiple manufacturing capacity.
With the market capitalization of Rs. 11,328 Crores, the shares of HEG Ltd were trading at around Rs. 587 per share which is 15 percent discount from its 52 week high of Rs. 690 per share and is trading at a P/E of 33 whereas industry P/E stands at 39.6
New Direction for Growth
HEG has shared its long-term vision through a proposed Greentech platform that will focus on three businesses: advanced battery materials, battery energy solutions (BESS) and green power generation. The company...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.