{"id":339354,"date":"2026-11-04T15:59:02","date_gmt":"2026-11-04T10:29:02","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=339354"},"modified":"2026-11-04T15:59:02","modified_gmt":"2026-11-04T10:29:02","slug":"heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/","title":{"rendered":"HEG Advanced Materials Share Price Locks 20% Upper Circuit After Q2 FY27 Results: Profit, Expansion Plans and What to Check"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>HEG Advanced Materials Rs 288.18 (+19.75%), 20% upper circuit. Q2 FY27 PAT Rs 208.89 cr (+202%), revenue Rs 429.94 cr (+144%). Capex Rs 2,581 cr approved.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The HEG Advanced Materials share price hit the 20% upper circuit at Rs 288.79 on 4 November after Q2 FY27 profit rose 202% to Rs 208.89 crore. The board also approved Rs 2,581 crore of capex, and Mint calls it the biggest one-day gain in 8 years.<\/p>\n<\/p><\/div>\n<p>The <strong>HEG Advanced Materials share price<\/strong> locked at the 20% <strong>upper circuit<\/strong> of Rs 288.79 on 4 November 2026, up from Rs 240.66, after the company reported a Q2 FY27 profit of Rs 208.89 crore. The board also cleared Rs 2,581 crore of expansion projects. Mint describes the move as the stock&#8217;s biggest one-day gain in eight years, a claim we have not independently verified.<\/p>\n<p>Prices are NSE data as of about 3:50 PM IST on 4 November 2026. Financials are consolidated for the quarter ended 30 September 2026, from the company&#8217;s filing as reported by Business Today, Free Press Journal and TradeBrains. The company was demerged this year, so year-on-year comparisons follow the company&#8217;s restated figures. This is not a recommendation.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=discover\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#HEG_Advanced_Materials_Share_Price_Today\" title=\"HEG Advanced Materials Share Price Today\">HEG Advanced Materials Share Price Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#Q2_FY27_Results_Behind_the_HEG_Advanced_Materials_Share_Price\" title=\"Q2 FY27 Results Behind the HEG Advanced Materials Share Price\">Q2 FY27 Results Behind the HEG Advanced Materials Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#The_Rs_2581_Crore_Expansion_Plan\" title=\"The Rs 2,581 Crore Expansion Plan\">The Rs 2,581 Crore Expansion Plan<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#Business_Background_and_Recent_Triggers\" title=\"Business Background and Recent Triggers\">Business Background and Recent Triggers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#Risks_to_the_HEG_Advanced_Materials_Share_Price\" title=\"Risks to the HEG Advanced Materials Share Price\">Risks to the HEG Advanced Materials Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#Frequently_Asked_Questions_on_HEG_Advanced_Materials_Share_Price\" title=\"Frequently Asked Questions on HEG Advanced Materials Share Price\">Frequently Asked Questions on HEG Advanced Materials Share Price<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#What_is_the_HEG_Advanced_Materials_share_price_today\" title=\"What is the HEG Advanced Materials share price today?\">What is the HEG Advanced Materials share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#Why_did_HEG_Advanced_Materials_hit_the_upper_circuit\" title=\"Why did HEG Advanced Materials hit the upper circuit?\">Why did HEG Advanced Materials hit the upper circuit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#What_were_HEG_Advanced_Materials_Q2_FY27_results\" title=\"What were HEG Advanced Materials Q2 FY27 results?\">What were HEG Advanced Materials Q2 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#What_expansion_did_HEG_Advanced_Materials_approve\" title=\"What expansion did HEG Advanced Materials approve?\">What expansion did HEG Advanced Materials approve?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#What_is_an_upper_circuit\" title=\"What is an upper circuit?\">What is an upper circuit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#What_happened_to_HEG_Ltd\" title=\"What happened to HEG Ltd?\">What happened to HEG Ltd?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#What_are_the_risks_of_buying_after_an_upper_circuit\" title=\"What are the risks of buying after an upper circuit?\">What are the risks of buying after an upper circuit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/heg-advanced-materials-share-price-20-percent-upper-circuit-q2-fy27\/#Should_I_buy_HEG_Advanced_Materials_after_the_20_jump\" title=\"Should I buy HEG Advanced Materials after the 20% jump?\">Should I buy HEG Advanced Materials after the 20% jump?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"HEG_Advanced_Materials_Share_Price_Today\"><\/span><strong>HEG Advanced Materials Share Price Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>NSE data (HEGAM)<\/th>\n<th>Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Previous close<\/td>\n<td>Rs 240.66<\/td>\n<\/tr>\n<tr>\n<td>Day open \/ low<\/td>\n<td>Rs 252.00 \/ Rs 252.00<\/td>\n<\/tr>\n<tr>\n<td>Day high (upper circuit)<\/td>\n<td>Rs 288.79<\/td>\n<\/tr>\n<tr>\n<td>Last traded price<\/td>\n<td>Rs 288.18 (+19.75%) (as of about 3:50 PM IST on 4 November 2026)<\/td>\n<\/tr>\n<tr>\n<td>Volume<\/td>\n<td>About 2.15 crore shares<\/td>\n<\/tr>\n<tr>\n<td>Approximate market capitalisation<\/td>\n<td>Roughly Rs 9,200 crore (our estimate)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The <strong>HEG Advanced Materials share price<\/strong> opened with a gap up of about 5% and stayed near the ceiling all session. A 20% upper circuit band means the exchange allows no higher price that day, so demand can exceed what the price shows. <a href=\"https:\/\/univest.in\/stocks\/hegam\/heg-ltd-share-price-today\">HEG Advanced Materials<\/a> is listed on Univest under its former name HEG Ltd, with the same ticker HEGAM.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q2_FY27_Results_Behind_the_HEG_Advanced_Materials_Share_Price\"><\/span><strong>Q2 FY27 Results Behind the HEG Advanced Materials Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric (consolidated)<\/th>\n<th>Q2 FY27<\/th>\n<th>Q2 FY26<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Revenue from operations<\/td>\n<td>Rs 429.94 crore (+144%)<\/td>\n<td>Rs 175.94 crore<\/td>\n<\/tr>\n<tr>\n<td>Total income<\/td>\n<td>Rs 546.59 crore<\/td>\n<td>Rs 226.31 crore<\/td>\n<\/tr>\n<tr>\n<td>Net profit<\/td>\n<td>Rs 208.89 crore (+202%)<\/td>\n<td>Rs 69.18 crore<\/td>\n<\/tr>\n<tr>\n<td>EBITDA<\/td>\n<td>Rs 312.78 crore<\/td>\n<td>Not disclosed here<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<thead>\n<tr>\n<th>Half-year (H1 FY27)<\/th>\n<th>Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Revenue from operations<\/td>\n<td>Rs 725.80 crore<\/td>\n<\/tr>\n<tr>\n<td>Total income<\/td>\n<td>Rs 870.77 crore<\/td>\n<\/tr>\n<tr>\n<td>EBITDA<\/td>\n<td>Rs 438 crore<\/td>\n<\/tr>\n<tr>\n<td>Net profit<\/td>\n<td>Rs 269.07 crore<\/td>\n<\/tr>\n<tr>\n<td>Cash and bank balances (30 Sept 2026)<\/td>\n<td>Rs 1,322.84 crore<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Behind the <strong>HEG Advanced Materials share price<\/strong> move, Q1 FY27 profit was about Rs 60.19 crore, so the second quarter was roughly 3.5 times the first by our arithmetic. Total income exceeds revenue from operations by about Rs 117 crore, which suggests other income contributed heavily. Net profit of Rs 208.89 crore is about 49% of operating revenue, so investors should check how much of it is recurring.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Screen mid-cap stocks with strong Q2 results on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Rs_2581_Crore_Expansion_Plan\"><\/span><strong>The Rs 2,581 Crore Expansion Plan<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Project approved<\/th>\n<th>Detail<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Anode materials<\/td>\n<td>Dewas plant to rise from 20,000 MT to 44,000 MT in two phases<\/td>\n<\/tr>\n<tr>\n<td>Crucibles<\/td>\n<td>New crucible manufacturing plant<\/td>\n<\/tr>\n<tr>\n<td>Graphene<\/td>\n<td>New graphene manufacturing capacity<\/td>\n<\/tr>\n<tr>\n<td>Total capex<\/td>\n<td>Rs 2,581 crore across three projects<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>For the <strong>HEG Advanced Materials share price<\/strong>, the first anode phase is due by June 2027, according to TradeBrains. Another report quoted a lower expansion figure, so please check the exchange filing for the exact capex split. The board also approved an employee stock option plan for 2026. Capacity additions could support the <strong>HEG Advanced Materials share price<\/strong> over time, but they also add execution and funding risk.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Business_Background_and_Recent_Triggers\"><\/span><strong>Business Background and Recent Triggers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Date<\/th>\n<th>Event<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Earlier in 2026<\/td>\n<td>Demerger: graphite electrodes moved to HEG Graphite; battery, advanced materials and green power stayed in HEG Advanced Materials<\/td>\n<\/tr>\n<tr>\n<td>21 Sept 2026<\/td>\n<td>Stock hit a 5% upper circuit at Rs 248.90 after a Rs 217.56 crore Indus Towers battery order won by subsidiary Replus Engitech<\/td>\n<\/tr>\n<tr>\n<td>3 Nov 2026<\/td>\n<td>Board approved Q2 results, expansion projects and employee stock plan<\/td>\n<\/tr>\n<tr>\n<td>4 Nov 2026<\/td>\n<td>Stock locked at the 20% upper circuit<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The <strong>HEG Advanced Materials share price<\/strong> has moved from about Rs 237 in September to Rs 288 now, a rise of roughly 22%. That reflects a business in transition, where battery energy solutions and anode materials are replacing the older graphite electrode earnings.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_the_HEG_Advanced_Materials_Share_Price\"><\/span><strong>Risks to the HEG Advanced Materials Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Risk<\/th>\n<th>Why it matters<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Quality of earnings<\/td>\n<td>Large gap between total income and operating revenue<\/td>\n<\/tr>\n<tr>\n<td>Falling delivery share<\/td>\n<td>Delivery volume on 3 Nov was about 11.75% below its 5-day average, per MarketsMojo<\/td>\n<\/tr>\n<tr>\n<td>Execution<\/td>\n<td>Three new projects worth Rs 2,581 crore<\/td>\n<\/tr>\n<tr>\n<td>Circuit-driven volatility<\/td>\n<td>A 20% band can swing both ways<\/td>\n<\/tr>\n<tr>\n<td>Demerger comparisons<\/td>\n<td>Restated numbers may not be like-for-like<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track results and upper circuit stocks on your phone.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>HEG Advanced Materials share price<\/strong> rally is backed by a large profit jump and an ambitious capex plan, but a 20% <strong>upper circuit<\/strong> often prices in good news quickly. Investors should check how much of Rs 208.89 crore is recurring, how the new capacity will be funded and whether delivery volumes support the move.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_HEG_Advanced_Materials_Share_Price\"><\/span><strong>Frequently Asked Questions on HEG Advanced Materials Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_HEG_Advanced_Materials_share_price_today\"><\/span><strong>What is the HEG Advanced Materials share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock traded at Rs 288.18 on the NSE, up 19.75%, at about 3:50 PM IST on 4 November 2026. It touched the 20% upper circuit of Rs 288.79 against a previous close of Rs 240.66.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_HEG_Advanced_Materials_hit_the_upper_circuit\"><\/span><strong>Why did HEG Advanced Materials hit the upper circuit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors reacted to Q2 FY27 results, in which consolidated profit rose 202% to Rs 208.89 crore on 144% higher revenue, and to a board approval of Rs 2,581 crore of expansion projects.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_HEG_Advanced_Materials_Q2_FY27_results\"><\/span><strong>What were HEG Advanced Materials Q2 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue from operations was Rs 429.94 crore against Rs 175.94 crore a year earlier, total income was Rs 546.59 crore, EBITDA was Rs 312.78 crore and net profit was Rs 208.89 crore against Rs 69.18 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_expansion_did_HEG_Advanced_Materials_approve\"><\/span><strong>What expansion did HEG Advanced Materials approve?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The board approved three projects with combined capex of Rs 2,581 crore: raising anode capacity at Dewas from 20,000 MT to 44,000 MT in two phases, a crucible manufacturing plant and graphene capacity.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_an_upper_circuit\"><\/span><strong>What is an upper circuit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> An upper circuit is the maximum price rise an exchange allows in a day for a stock. HEG Advanced Materials has a 20% band, so it could not trade above Rs 288.79 on 4 November. Trading can freeze if buyers outnumber sellers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_happened_to_HEG_Ltd\"><\/span><strong>What happened to HEG Ltd?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company was demerged. HEG Advanced Materials, the renamed listed company, keeps advanced materials, battery energy solutions and green power, while the graphite electrode business moved to a separate entity, HEG Graphite.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_buying_after_an_upper_circuit\"><\/span><strong>What are the risks of buying after an upper circuit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A stock can reverse sharply after a 20% day, and part of the profit may come from other income. Delivery volumes were lower on the previous day, and new projects add execution risk. Check each factor before relying on the rally.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_HEG_Advanced_Materials_after_the_20_jump\"><\/span><strong>Should I buy HEG Advanced Materials after the 20% jump?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article cannot give a personal recommendation. Review the quality of the Rs 208.89 crore profit, the capex funding and valuation after a 20% jump, size any position carefully and consult a SEBI-registered advisor before deciding.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the HEG Advanced Materials share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The stock traded at Rs 288.18 on the NSE, up 19.75%, at about 3:50 PM IST on 4 November 2026. It touched the 20% upper circuit of Rs 288.79 against a previous close of Rs 240.66.\"}},{\"@type\":\"Question\",\"name\":\"Why did HEG Advanced Materials hit the upper circuit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors reacted to Q2 FY27 results, in which consolidated profit rose 202% to Rs 208.89 crore on 144% higher revenue, and to a board approval of Rs 2,581 crore of expansion projects.\"}},{\"@type\":\"Question\",\"name\":\"What were HEG Advanced Materials Q2 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue from operations was Rs 429.94 crore against Rs 175.94 crore a year earlier, total income was Rs 546.59 crore, EBITDA was Rs 312.78 crore and net profit was Rs 208.89 crore against Rs 69.18 crore.\"}},{\"@type\":\"Question\",\"name\":\"What expansion did HEG Advanced Materials approve?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The board approved three projects with combined capex of Rs 2,581 crore: raising anode capacity at Dewas from 20,000 MT to 44,000 MT in two phases, a crucible manufacturing plant and graphene capacity.\"}},{\"@type\":\"Question\",\"name\":\"What is an upper circuit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"An upper circuit is the maximum price rise an exchange allows in a day for a stock. HEG Advanced Materials has a 20% band, so it could not trade above Rs 288.79 on 4 November. Trading can freeze if buyers outnumber sellers.\"}},{\"@type\":\"Question\",\"name\":\"What happened to HEG Ltd?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The company was demerged. HEG Advanced Materials, the renamed listed company, keeps advanced materials, battery energy solutions and green power, while the graphite electrode business moved to a separate entity, HEG Graphite.\"}},{\"@type\":\"Question\",\"name\":\"What are the risks of buying after an upper circuit?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A stock can reverse sharply after a 20% day, and part of the profit may come from other income. Delivery volumes were lower on the previous day, and new projects add execution risk. Check each factor before relying on the rally.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy HEG Advanced Materials after the 20% jump?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This article cannot give a personal recommendation. Review the quality of the Rs 208.89 crore profit, the capex funding and valuation after a 20% jump, size any position carefully and consult a SEBI-registered advisor before deciding.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HEG Advanced Materials share price hit the 20% upper circuit after Q2 profit rose 202% to Rs 208.89 crore. See results, the capex plan and risks to check.<\/p>\n","protected":false},"author":34,"featured_media":339353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[20048,20049,20044,20045,20046,20047],"class_list":["post-339354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-anode-capacity","tag-battery-materials-stocks","tag-heg-advanced-materials-share-price","tag-heg-advanced-materials-upper-circuit","tag-heg-q2-results","tag-hegam"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["339353"],"rank_math_title":["HEG Advanced Materials Share Price: Upper Circuit"],"rank_math_description":["HEG Advanced Materials share price hit the 20% upper circuit at Rs 288.79 after Q2 profit of Rs 208.89 crore. See results, capex and risks."],"rank_math_focus_keyword":["HEG Advanced Materials share price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/heg-advanced-materials-share-price-locks-20-upper-circuit-after-q2-fy27-results.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/339354","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=339354"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/339354\/revisions"}],"predecessor-version":[{"id":339355,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/339354\/revisions\/339355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/339353"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=339354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=339354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=339354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}