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Vijay Shekhar Sharma’s role as the chief executive officer is among the items to be voted on at the company’s annual general meeting held virtually this afternoon. A proxy advisory firm last week recommended that shareholders replace the founder as CEO, citing concerns about his ability to reverse losses at the payments provider.

The stock quoted a 52-week high price of Rs 6573.05 and low of Rs 4048.05.

Motilal Oswal analysts said the company is on a portfolio expansion spree in the F&B segment, with product launches in new and innovative categories such as mini meals and protein-based products. The food business is expected to be the growth engine for the company, with Tata Sampann leading from the front.

A total of 21,898 shares changed hands on the counter till 11:52AM (IST).

The RBI will likely sell the 2024 bond at a 6.54% yield, while it will sell the 2029 bond at a 7.15% yield, according to the poll. The central bank is expected to sell the 2061 bond at a 7.62% yield. The cutoff estimates for the 2024 bond were between 6.51% and 6.56%, while those for the 2029 note were between 7.14% and 7.16%.

As of 30-Jun-2022, promoters held 43.49 per cent stake in the company, while FIIs held 34.54 per cent and domestic institutional investors had 2.02 per cent.

"We believe that the rally is sustainable since we expect earnings to improve from the third quarter of FY23. However, in case US markets do get into a next stage downturn, we could see volatility in the short term. Hence, investors can maintain a balanced approach and look at a phased approach of deployment into markets if they have surpluses."

“Almost all of the sectors which are closely linked to the investment cycle are seeing more investor interest at this point of time. Asset developers or pure infrastructure companies may not have seen that kind of interest as of now but many of the other pockets which are closely linked to economic growth or which are closely linked to investment cycle, have definitely seen better interest.”

"Small & midcaps tend to outperform their larger peers in a bull market but any reversal in the market trend is very brutal for them. Our recommendation is simple for small & midcap stocks, stay with the companies having strong fundamentals, good growth prospects vis-à-vis their valuations, quality management, and competitive advantages."

HEG Ltd. key Products/Revenue Segments include Electrodes Graphite, Export Incentives, Power, Other Operating Revenue and Fly Ash for the year ending 31-Mar-2022.