Hi-Tech Pipes' Stock Reaches All-Time High, Outperforms Sector by 2.15%
Hi-Tech Pipes, a smallcap company in the steel industry, has been making headlines for its impressive stock performance. On September 10, 2024, the stock reached an all-time high and has been outperforming the sector by 2.15%. Today, it hit a new 52-week high of Rs.197, trading higher than its moving averages. In the past year, the stock has seen a 144.94% increase, showcasing its strong potential in the steel industry. MarketsMojo has given a 'Hold' call for the stock, indicating its positive outlook.
Hi-Tech Pipes, a smallcap company in the steel industry, has been making headlines recently as its stock price reached an all-time high on September 10, 2024. The stock has been performing well, outperforming the sector by 2.15% and gaining 3.29% in the last two days.
Today, the stock hit a new 52-week high of Rs.197, showing a strong upward trend. It also touched an intraday high of Rs.197, a 2.93% increase from the previous day. Hi-Tech Pipes is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.
In the past year, Hi-Tech Pipes has shown an impressive performance with a 144.94% increase, while the Sensex has only seen a 22.74% growth. This showcases the company's strong potential and growth in the steel industry.
MarketsMOJO has given a 'Hold' call for Hi-Tech Pipes, suggesting that investors hold onto their stocks for now. With its recent success and positive performance, Hi-Tech Pipes is definitely a company to keep an eye on in the steel industry.
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