Hi-Tech Pipes Shows Strong Short-Term Gains Amid Broader Small-Cap Market Rally

Mar 18 2025 12:20 PM IST
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Hi-Tech Pipes, a small-cap company in the Steel/Sponge Iron/Pig Iron sector, experienced significant activity on March 18, 2025, outperforming its sector. The stock has shown a positive trend over the past two days, despite facing challenges in its year-to-date performance. The broader market also opened positively.
Hi-Tech Pipes, a small-cap player in the Steel/Sponge Iron/Pig Iron industry, has shown notable activity today, gaining 7.15% on March 18, 2025. This performance has allowed the stock to outperform its sector by 4.97%. Over the past two days, Hi-Tech Pipes has recorded a cumulative increase of 8.49%, indicating a positive trend in its recent performance.

The stock reached an intraday high of Rs 108.8, reflecting a rise of 7.35%. In terms of moving averages, Hi-Tech Pipes is currently above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages.

In the broader market context, the Sensex has also experienced a positive opening, climbing 405.21 points to reach 75,013.87, a rise of 1.14%. Small-cap stocks are leading the market today, with the BSE Small Cap index gaining 2.2%. Despite the recent gains, Hi-Tech Pipes has faced challenges over longer time frames, with a year-to-date performance decline of 32.11%.
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