Hi-Tech Pipes is currently trading at Rs. 190.40, up by 7.45 points or 4.07% from its previous closing of Rs. 182.95 on the BSE.
The scrip opened at Rs. 185.25 and has touched a high and low of Rs. 192.75 and Rs. 184.75 respectively. So far 233975 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 192.75 on 20-Aug-2024 and a 52 week low of Rs. 74.47 on 06-Sep-2023.
Last one week high and low of the scrip stood at Rs. 192.75 and Rs. 164.00 respectively. The current market cap of the company is Rs. 3221.95 crore.
The promoters holding in the company stood at 53.95%, while Institutions and Non-Institutions held 13.17% and 32.88% respectively.
Hi-Tech Pipes has secured orders for supplying ERW Steel Pipes, totaling of Rs 105 crore (Inclusive of GST) from key customers in the renewable energy sector. These significant contracts reflect the growing demand for sustainable energy solutions and underscore our commitment to supporting this vital industry.
The orders will be executed from its New state-of-the-art manufacturing facility located in Sanand Unit II Phase I, over the next three months. This new facility, equipped with cutting-edge technology and efficient production processes, is poised to deliver high-quality steel pipes that meet the rigorous standards of the renewable energy sector.
The steel pipes will be utilized in various applications within the renewable energy sector, including wind farms, solar installations, and other green energy projects. Hi-Tech Pipes is dedicated to providing products that not only meet but exceed industry standards, ensuring durability and performance in the most demanding environments.
Hi-Tech Pipes - an ISO 9001 certified company, is one of India's leading engineering house of excellence and innovation producing steel pipes, hollow sections, tubes, cold rolled coils, road crash barriers, solar mounting structures and strips and a variety of other galvanized products.
| Company Name | CMP |
|---|---|
| Tata Steel | 132.60 |
| JSW Steel | 902.70 |
| SAIL | 109.70 |
| Jindal Stainless | 642.90 |
| Jindal Saw | 268.25 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
