HEG Advanced Materials Hits 20% Upper Circuit

Advanced Materials shares surged 20%, hitting the upper circuit and recording their biggest single-day gain in eight years. The sharp rally attracted investor attention, driven by optimism around the company's financial performance and future growth prospects. The company reported strong Q2 FY27 results, with revenue of ₹430 crore from continuing operations, EBITDA of ₹313 crore and profit after tax (PAT) of ₹209 crore. For the first half of FY27, PAT stood at ₹269 crore, reflecting strong business performance. The rally was also supported by expansion plans in anode materials, graphene and battery energy storage. Its upcoming Dewas facility is expected to begin commercial operations by June 2027. Rising demand for lithium-ion batteries and global supply-chain diversification could further support the company's long-term growth.