Hariom Pipe Industries Shows Strong Performance Amid Bullish Market Sentiment

Hariom Pipe Industries, a small-cap player in the Iron & Steel Products sector, has shown significant activity today, gaining 8.68% as of June 5, 2025. The stock outperformed its sector by 5.7%, reflecting a strong performance amid a bullish market environment. It reached an intraday high of Rs 412, marking a 6.61% increase during the trading session. In terms of moving averages, Hariom Pipe Industries is currently positioned higher than its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. This indicates a mixed trend in the short to medium term. The broader market, represented by the Sensex, has also been on an upward trajectory, climbing 453.97 points to reach 81,650.05, a rise of 0.8%. The Sensex is trading above its 50-day moving average, with the 50-day average surpassing the 200-day average, suggesting a bullish sentiment in the market. Over various time frames, Hariom Pipe Industries has demonstrated resilience, with a 1-day performance of 9.90% and a 3-year performance of 105.52%, significantly outpacing the Sensex's 46.41% over the same period. However, it has faced challenges over the past year, with a decline of 23.64%.