Hi-Tech Pipes shines on reporting 45% rise in total sales volume in Q1FY25
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Hi-Tech Pipes is currently trading at Rs. 155.40, up by 6.45 points or 4.33% from its previous closing of Rs. 148.95 on the BSE.
The scrip opened at Rs. 149.95 and has touched a high and low of Rs. 158.90 and Rs. 144.10 respectively. So far 342850 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 170.25 on 20-Feb-2024 and a 52 week low of Rs. 74.00 on 11-Aug-2023.
Last one week high and low of the scrip stood at Rs. 158.90 and Rs. 136.75 respectively. The current market cap of the company is Rs. 2573.86 crore.
The promoters holding in the company stood at 53.20%, while Institutions and Non-Institutions held 11.83% and 34.97% respectively.
Hi-Tech Pipes has achieved the highest sales volume in its history for Q1FY25. In Q1, the company has recorded a significant increase of 45% with a total sales volume of 1,22,155 MT compared to the same period last year from 84,489 MT and 13% on Quarter on quarter (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.
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.
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