Hi-Tech Pipes Surges Amid Strong Market Trends and Sector Outperformance

Hi-Tech Pipes, a small-cap player in the Iron & Steel Products industry, has shown significant activity today, gaining 8.67% as of September 18, 2025. This performance notably outpaced the broader market, with the stock outperforming its sector by 8.56%. Over the past eight days, Hi-Tech Pipes has demonstrated a robust upward trend, accumulating a total return of 32.1%. The stock opened with a gain of 2.19% and reached an intraday high of Rs 119.22, reflecting a 9.04% increase at its peak. In terms of moving averages, Hi-Tech Pipes is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong short- to medium-term performance. In the broader market context, the Sensex opened higher at 83,108.92, gaining 415.21 points (0.5%), and is currently trading at 83,035.78. The index is nearing its 52-week high and has shown a bullish trend, trading above its 50-day moving average. Over the last three weeks, the Sensex has gained 4.04%, with mega-cap stocks leading the market today.