H.E.G. Ltd.

NSE: HEG · Capital Goods

₹244.35

as of 28 Sep 2026

AI verdict · 28 Sep 2026

Bearish 68% confidence

Demerger stripped profitable graphite business; post-demerger entity unproven with no standalone financials, negative cash flow risk, and…

Strongest bull point

Q1 FY27 showed 7.6% revenue and 16.7% profit growth YoY; ₹217.56 crore Replus Engitech battery order validates new segment; RSI 20.95 and price 15.6% above 52-week low suggest capitulation exhaustion.

Strongest bear point

Q1 FY27 results are pre-demerger consolidated figures, not standalone post-demerger performance; graphite electrode cash cow now separate entity; no post-demerger financials, guidance, or margin disclosure on battery solutions; 66% collapse and 289.6% volatility reflect structural distress.

Technical Forecast · next 10 trading days

Expected

₹520.03 +112.8%

Range

₹512.00 – ₹522.23

Technical Forecast Fundamental Debate

Free: 5 Forecasts and 5 Debates a month. Log in with your mobile number.

Every call on HEG, misses included

Bearish 28 Sep 2026 → now Scores 28 Oct 2026

₹248.50 → ₹244.35 -1.7%

Our accuracy

Every verdict and forecast here is dated and scored when it matures — right or wrong. The first scored results publish a month after launch.

How we score →

More Capital Goods