What was wrong with Heg?
Shares of Graphite India Ltd and HEG Ltd have eroded over 50\% of investors wealth from their respective record highs on concerns of margin pressure due to the rising raw material cost. HEG stock is down 51\% from its record high of ₹4,950 on 16 October 2018.
What does graphite company do?
The company is engaged in the production of Graphite Electrodes Other Miscellaneous Graphite & Carbon Products and related Processing. The company also manufactures Glass Reinforced Plastic (GRP) Pipes and High Speed Steel and Alloy Steel.
How Do You Realize loss on worthless stock?
You must file IRS Form 8949 to report worthless securities or any other securities trade relevant to your taxes. Enter all relevant trade information on Form 8949. You’ll need the name of the security, the dates you bought and sold it, and the amount you paid and received.
What do you know about Heg?
HEG Limited incorporated in 1972 is a leading manufacturer and exporter of graphite electrodes in India and operates world’s largest single-site integrated graphite electrodes plant at Mandideep in Madhya Pradesh. The company also operates three power generation facilities with a total rated capacity of about 76.5 MW.
How to apply for HEG limited buyback offer 2018?
1. Firstly, to be eligible for the buyback the investor should have shares of HEG Limited Buyback offer 2018 in demat or physical form as on the record date [09.02.2019]2.
What happened to the HEG share price?
As of September 2019, HEG share has fallen to sub 1000 levels from close to a high of 5000! Let us look at the charts of HEG first. The stock went up from ~150 levels in 2016 to 4950 in November 2018.
Are Heg and graphite shares a good buy?
Please DO NOT buy HEG or Graphite shares with the expectation of a quick turnaround. They are a definite good buy for the long term but 1. Dont expect huge returns fast and 2. They might go down further when markets fall. HEG and Graphite both are a multibagger stock picker’s delight.