Hi-Tech Pipes' Stock Reaches All-Time High, Outperforms Sector by 3.26%

Aug 28 2024 09:35 AM IST
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Hi-Tech Pipes, a smallcap company in the iron and steel industry, has been making headlines as its stock price reached an all-time high on August 28, 2024. The stock has been outperforming the sector by 3.26% and gained 10.14% in the last three days. With a 158.40% increase in the past year, the company shows strong growth and potential in the industry. MarketsMojo suggests holding onto stocks for now.

Hi-Tech Pipes, a smallcap company in the iron and steel industry, has been making headlines recently as its stock price reached an all-time high on August 28, 2024. The stock has been performing well, outperforming the sector by 3.26% and gaining 10.14% in the last three days alone.

On August 28, the stock hit a new 52-week high of Rs.197, and its intraday high was Rs.197, showing a 3.44% increase. Hi-Tech Pipes has also been consistently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance.

In comparison to the Sensex, Hi-Tech Pipes has shown an impressive 1-year performance of 158.40%, while the Sensex has only seen a 25.59% increase. This showcases the company's strong growth and potential in the iron and 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 promising performance, Hi-Tech Pipes is definitely a company to keep an eye on in the smallcap segment of the iron and steel industry.
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