Hariom Pipe Industries Shows Potential Trend Reversal Amid Broader Market Gains

Mar 18 2025 03:16 PM IST
share
Share Via
Hariom Pipe Industries experienced significant trading activity, rebounding after two days of decline. The stock outperformed its sector amid a broader market rally, with small-cap stocks leading gains. However, it remains below key moving averages and has seen a substantial year-to-date decline compared to the overall market.
Hariom Pipe Industries, a small-cap player in the Steel/Sponge Iron/Pig Iron sector, has shown notable activity today, gaining 7.5% on March 18, 2025. This uptick comes after two consecutive days of decline, marking a potential trend reversal for the stock. The stock reached an intraday high of Rs 347.85, reflecting a 7.29% increase during the trading session.

In terms of performance metrics, Hariom Pipe Industries has outperformed its sector, which saw a gain of 2.35%. However, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging position in the longer-term trend.

In the broader market context, the Sensex has risen sharply, climbing 707.93 points to reach 75,316.59, a 1.55% increase. Small-cap stocks are leading the market today, with the BSE Small Cap index gaining 2.75%. Despite today's performance, Hariom Pipe Industries has faced a decline of 30.11% year-to-date, contrasting with the Sensex's decline of 3.61% over the same period.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News