HEG Advanced Materials jumps 20% on anode expansion

HEG Advanced Materials rose 20% to Rs 288.80 after its Q2 FY27 results and a Rs 1,606 crore anode capacity expansion plan. HEG Advanced Materials Limited [

] gained 20% today, trading at Rs 288.80 after opening at Rs 252. The move followed its Q2 FY27 results and a Rs 1,606 crore plan to expand anode capacity to 44,000 tonnes by 2029. The first phase is on track for commercial operations in June 2027. On the daily chart, price moved above the earlier high near Rs 273.55 and hit Rs 288.80, the highest level on the visible chart. No resistance is seen above on this chart. RSI is at 70.49, which shows strong momentum and a stretched short term reading. Volume was 19.5 million shares. What next: Rs 250 may act as support, close to the opening price of the day. Rs 300, a round number, may act as psychological resistance. A 20% one day rise can see profit booking, so traders may watch whether price holds above Rs 273.55, the earlier resistance, which may now act as support. Conclusion: The daily trend is strongly bullish, backed by earnings and the expansion plan, but a 20% jump may bring short term volatility near Rs 300. Disclaimer: I, Akhilesh Jat (SEBI RA Reg. No. INH000016649), do not hold any position in the stock discussed. This content is informational, not a recommendation. Investments in securities are subject to market risks. Read all related documents carefully before investing.