🔴 HEG Drops 5.6% After Early 7% Surge — Strong Results Fail to Hold Gains

shares declined over 5.6% on 11 February 2026, reversing sharply after an early 7% jump in opening trade. The fall came despite the company reporting robust Q3 FY26 results following its February 10 board meeting. Consolidated net profit surged, revenue increased, and EBITDA margins expanded, reflecting strong operational performance. However, the market reaction indicates caution. Investors appear concerned about the sustainability of elevated margins, especially as graphite electrode prices remain largely flat. Additionally, the sharp initial spike may have triggered profit-booking at higher levels. The move suggests expectations were already built in, and traders chose to lock in gains rather than chase the rally further. 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered advisor before making any investment decisions.