Hrithik Roshan Is The Brand Ambassador: Multibagger Steel Pipes Stock In Focus As Company Reports Stellar Results In Q3FY25 & 9MFY25
The stock is up by 16 per cent from its 52-week low of Rs 102.45 per share and gave multibagger returns of over 500 per cent in 5 years
On Friday, shares of Hi-Tech Pipes Ltd gained 2.72 per cent to an intraday high of Rs 118.90 per share from its previous closing of Rs 115.75 per share. The stock’s 52-week high is Rs 210.75 per share and its 52-week low is Rs 102.45 per share.
Hi-Tech Pipes Limited, a leading Indian steel processing company with 40 years of experience, offers a wide range of high-quality products. These include steel pipes, hollow sections, tubes, solar torque tubes, cold-rolled coils and strips, road crash barriers, solar mounting structures, galvanized plain/corrugated sheets, colour-coated coils, and other galvanized products. With six advanced manufacturing facilities across India, Hi-Tech Pipes has a current installed capacity of 750,000 metric tons per annum (MTPA) and aims to reach 1 million MTPA by fiscal year 2025. The company's extensive distribution network includes over 450 dealers nationwide, ensuring strong market reach. Notably, Hi-Tech Pipes' solar torque tubes play a vital role in India's booming solar energy industry.
FIIs & DIIs Purchase Stake: In December 2024, FIIs bought 34,94,557 shares and increased their stake to 9.79 per cent and DIIs bought 1,74,62,311 shares and increased their stake to 17.32 per cent compared to September 2024.
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Results: According to Quarterly Results, the net sales increased by 21 per cent to Rs 761.02 crore and net profit increased by 34 per cent to Rs 19.15 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 16 per cent to Rs 2,333.89 crore and net profit increased by 69 per cent to Rs 55.31 crore in 9MFY25 compared to 9MFY24. In FY24, the company reported net sales of Rs 2,699.29 crore and net profit of Rs 43.93 crore.
The company has a market cap of over Rs 2,200 crore. The stock is up by 16 per cent from its 52-week low of Rs 102.45 per share and gave multibagger returns of over 500 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.