BUY` on HEG (CMP: Rs 302) with a 12 months target price of Rs 444.

Networth recommended a `BUY` on HEG (CMP: Rs 302) with a 12 months target price of Rs 444. HEG, a premier company of LNJ Bhilwara Group, is the fifth largest Graphite Electrodes manufacturer in the world with an installed capacity of 60,000 MTPA. HEG is also the largest exporter of Graphite Electrodes in India with almost 80% of the production is exported over 30 countries. The net sales and EBIDTA of the company has grown at CAGR of 28% each over FY05-FY07. The analysts at Networth believe that the company is well placed to reap up the benefits of buoyant steel outlook and no near term capacity addition of Graphite Electrodes globally.