Hariom Pipe Industries Shows Short-Term Gains Amid Long-Term Decline in Stock Performance

Hariom Pipe Industries, a small-cap player in the steel and sponge iron sector, has shown significant activity today, gaining 7.58% as of April 2, 2025. This performance has allowed the stock to outperform its sector by 6.73%. Over the past two days, Hariom Pipe Industries has recorded a total increase of 10.28%, indicating a positive short-term trend.
The stock reached an intraday high of Rs 367.9, reflecting a rise of 7.84% during the trading session. In terms of moving averages, the stock is currently above its 5-day and 20-day moving averages but remains below the 50-day, 100-day, and 200-day moving averages, suggesting mixed momentum in the longer term.

In the broader market context, the Sensex has also experienced a positive day, climbing 275.09 points to reach 76,421.37, a gain of 0.52%. While Hariom Pipe Industries has shown strong performance today, its longer-term metrics reveal a decline of 27.32% over the past year, contrasting with the Sensex's gain of 3.40% during the same period.