Multibagger stock that has surged nearly 1,100% in 5 years edges higher; do you own?
A multibagger stock Hi-Tech Pipes climbed 2 per cent in intraday trade on the NSE on Monday, June 2, in a weak market. Hi-Tech Pipes share price opened at ₹ 95.89 against its previous close of ₹ 95.35 and rose to an intraday high of ₹ 97.25. Around 11:20 AM, the multibagger stock traded 1.74 per cent higher at ₹ 97.01. Equity benchmark Nifty 50 was 0.45 per cent down at that time.
Hi-Tech Pipes share price has given a solid multibagger return of nearly 1,100 per cent over the last five years. However, over the last year, the stock has been under pressure, falling about 20 per cent.
The stock hit a 52-week high of ₹ 210.85 on September 23 last year, and it touched a 52-week low of ₹ 84.80 recently on May 9.
Hi-Tech Pipes reported its Q4 results during market hours on May 26, following which the stock fell 2.5 per cent. However, in the next two sessions, the stock rose by over 3 per cent cumulatively. Again, in the subsequent two sessions, it saw an overall decline of nearly 3 per cent.
The company reported a healthy set of Q4 numbers. Its Q4FY25 revenue grew by 7.74 per cent to ₹ 734 crore, compared to ₹ 681 crore in Q4FY24, driven by robust demand in the infrastructure and construction sectors.
The company's profit jumped 59 per cent to ₹ 17.63 crore from ₹ 11.12 crore in Q4FY24. EBIDTA stood largely at par of ₹ 34.93 crore in Q4FY25 as compared to ₹ 35.34 crore in Q4FY24.
Sales volume increased by 8 per cent, reaching 1,16,032 MT, up from 1,07,721 MT in Q4 FY24.
For the full year FY25, the company's revenue grew 14 per cent to ₹ 3,068 crore against ₹ 2,699 crore in FY24, supported by record sales volumes.
Sales volume surged by 24 per cent in FY25, reaching 4,85,447 MT, compared to 3,91,147 MT in FY24, marking the company's highest-ever annual performance.
Profit jumped by 66 per cent to ₹ 72.95 crore, up from ₹ 43.93 crore in FY24. EBIDTA increased by 39.33 per cent to ₹ 160.03 crore in FY25 as compared to ₹ 114.86 crore in FY24.
The company said for FY25, EBIDTA per tonne increased by 12.26 per cent at ₹ 3,297 versus ₹ 2,937 in FY24, on account of better sales realisation and increase in share of value added products.
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Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 1,950 to manage downside risk. The target for this trade is set at ₹ 2,100, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 4. PB Fintech Ltd. (POLICYBZR): Buy at ₹ 1,740; Target Price at ₹ 1,800; Stop Loss at ₹ 1,710. Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 1,740 and maintaining a strong support at ₹ 1,710. The technical setup indicates the potential for a price retracement towards the ₹ 1,800 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 1,710 offers a prudent approach to capturing the anticipated upside. 5. Chambal Fertilisers & Chemicals Ltd. 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The RSI has corrected from the highly overbought zone and currently is well placed to anticipate for another fresh round of momentum to carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock for an upside target of 600 keeping the stop loss of 548 level. 7. Graphite India Ltd. (GRAPHITE): Buy at ₹ 555; Target Price at ₹ 590; Stop Loss at ₹ 542. The stock after indicating a flag pattern on the daily chart has shown signs of improvement with the price on the verge of a breakout above 560 levels accompanied with rising volume participation visible. The RSI is currently well positioned and has strength to anticipate for further upward move in the coming sessions. With the chart technically well positioned, we suggest buying the stock for an upside target of 590 level keeping the stop loss of 542 level. 8. Kaveri Seed Company Ltd. (KSCL): Buy at ₹ 1,455; Target Price at ₹ 1,520; Stop Loss at ₹ 1,425. The stock has been consolidating with a little dip witnessed in the last 3-4 sessions, with currently improving the bias with a positive candle formation and significant volume participation indicated and can anticipate for further rise in the coming sessions. The RSI is better placed and with a revival indicated has shown strength with much upside potential visible from current rate. With the chart technically looking attractive, we suggest buying the stock for an upside target of 1,520 level keeping the stop lossof1,425level. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
