Amidst the rapidly growing opportunities in India’s Renewable Energy Sector, Hi-Tech Pipes LTD has recently witnessed a significant surge in its shares. The company has secured a substantial order worth ₹105 crore, essential for wind farms, solar power plants, and other green energy projects. This major development has led to a remarkable 15% rise in Hi-Tech Pipes LTD shares. Let’s explore the reasons behind this surge and its potential future impacts.
Highlights:
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- Hi-Tech Pipes LTD has received a major ₹105 crore order.
- Shares have increased by 15% over the past 5 days.
- The stock has risen by 27.13% in the past month.
- The company’s pivotal role in the future of the Renewable Energy Sector.
- Order confirmation noted in the latest regulatory filing.
Important Points about Hi-Tech Pipes Ltd:
| Point | Description |
|---|---|
| Company Name | Hi-Tech Pipes LTD |
| Market Cap | ₹3,248.72 crore |
| Share Price | ₹184.47 |
| Highest Price | ₹192.79 (52 weeks) |
| Lowest Price | ₹75 (52 weeks) |
| 5-Day Growth | 16.05% |
| 1-Month Growth | 27.13% |
Overview of Hi-Tech Pipes LTD
Company Features
Hi-Tech Pipes LTD is a leading Indian company specializing in the production of steel tubes and pipes. The company excels in the manufacturing and supply of Electric Resistance Welded (ERW) steel round pipes, section pipes, cold-rolled strips, and engineering products. Key products include Black Hollow Section and Round Pipes, Galvanized, and Pre-Galvanized Pipes.
Current Stock Status
The company’s current market cap stands at ₹3,248.72 crore. The share price is ₹184.47, with the highest price in the past 52 weeks being ₹192.79 and the lowest ₹75. Over the last 5 years, the company’s stock has seen a growth of 947.23%, reflecting its stable and rapidly growing performance.
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Reasons for Recent Stock Surge
Latest Order Information
Hi-Tech Pipes LTD has recently secured an order worth ₹105 crore. This order is for Electric Resistance Welded (ERW) steel pipes, intended for use in wind farms, solar power plants, and other green energy projects. The confirmation of this major order has triggered a surge in the company’s shares.
Share Price Increase
The company’s stock has shown notable growth over the past 5 days. On August 13, the share price was ₹162, which increased to ₹188.10 by August 20. This period saw a 16.05% rise in the stock.
Future Prospects
The company continues to receive orders from major clients in the renewable energy sector. This development strengthens the company’s future prospects and makes it an attractive option for investors.
FAQ
How much have Hi-Tech Pipes LTD shares increased recently?
Hi-Tech Pipes LTD shares have recently increased by over 15%, particularly in the past 5 days.
What is the value of the order received by the company and its intended use?
The company has received an order worth ₹105 crore, which is essential for wind farms, solar power plants, and other green energy projects.
What is the market cap of Hi-Tech Pipes LTD?
The market cap of Hi-Tech Pipes LTD is ₹3,248.72 crore.
What has been the stock growth rate over the past month?
The stock of Hi-Tech Pipes LTD has increased by 27.13% over the past month.
What is the current share price of the company?
The current share price of Hi-Tech Pipes LTD is ₹184.47.
What are the future prospects for Hi-Tech Pipes LTD?
With growing orders in the renewable energy sector and the company’s stable performance, positive future prospects are anticipated.
