750 per cent returns: Multibagger steel tubes and pipes manufacturers achieved highest ever sales volume in Q1FY25 of 1,22,155-MT; up 45 per cent YoY
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 74 per share and a whopping 750 per cent in 5 years.
Hi-Tech Pipes Ltd, one of the leading steel tubes and pipes manufacturers in India, announced that it has achieved the highest sales volume in its history for Q1FY25. This remarkable milestone is a testament to the company's commitment to excellence, innovation and customer satisfaction.
In Q1, Hi-Tech Pipes recorded a significant increase of 45 per cent with a total sales volume of 1,22,155-MT compared to the same period last year from 84,489-MT and 13 per cent on Q-o-Q compared to the sales volume of 1,07,721-MT in Q4FY24. This achievement is attributed to the company's strategic initiatives, including expansion of product lines, enhanced marketing efforts and process optimizations.
Today, shares of Hi-Tech Pipes Ltd gained 6.68 per cent to Rs 158.90 per share from its previous closing of Rs 148.95 per share. The stock’s 52-week high is Rs 170.25 while its 52-week low is Rs 74. The shares of the company saw a spurt in volume by more than 2 times on BSE.
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The company has a market cap of over Rs 2,300 crore and promoters have increased their stake in Q1FY25. In its Quarterly Results (Q4FY24) and annual results (FY24), the company reported positive numbers with compounded sales growth of 26 per cent and compounded profit growth of 24 per cent for the last 3 years.
The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 74 per share and a whopping 750 per cent in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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