Small-cap stock below ₹100 Hi-Tech Pipes jumps 6% despite weak bias in the Indian stock market. Here's why
Stock Market Today: Small-cap stock below ₹ 100 gained more than 6% in the intraday trades on Tuesday. The gains for Hi-Tech Pipes share price was despite weak bias in the Indian stock market. Here's why
Small-cap stock below ₹ 100 Hi-Tech Pipes reported financial performance for the qarter and financial year ending March 2025
During the quarter gone by the Small-cap stock below ₹ 100 Hi-Tech Pipes saw its Revenue grow by 7.74% to Rs.734 Crore as compared to Rs.681 Crore reported in the year ago quarter (in Q4FY24). The revenue growth as per Hi-Tech Pipes was driven by robust demand in infrastructure and construction sectors.
Sales volume for Small-cap stock below ₹ 100 Hi-Tech Pipes has increased by 8% year on year. Volumes as per HI-Tech Piped reached 1,16,032 MT , up from 1,07,721 MT in Q4 FY24. The same as per Hi-Tech Piped is reflecting increased demand.
Profitability for Small-cap stock below ₹ 100, Hi-Tech Pipes has risen by 59% to Rs. 17.63 Crore during the Jauary-December 2025 quarter, compared to Rs. 11.12 Cr. in January- March 2024 quarter or Q4FY24
FY24. underscoring our focus on cost optimization and value-added products, highlighted Small-cap stock below ₹ 100 Hi-Tech Pipes.
Earnings before interest tax depreciation and amortisation or Ebitda came at Rs.34.93 Crore as per Hi-Tch Pipes in Q4FY25, which was comparable ro compared to Rs.35.34 Crore reported by Hi-Tech Pipes in Q4FY24
Small-cap stock below ₹ 100 Hi-Tech Pipes share price opened at ₹ 95.70 on Tuesday on the NSE (NAtional Stock Exchange of India). The Small-cap stock below ₹ 100 Hi-Tech Pipes share price had opened more than 1% higher compared to previous days closing price of ₹ 94.68 for the Hi-Tech pipes. The Small-cap stock below ₹ 100 Hi-Tech Pipes share price however gained further to intraday highs of ₹ 110.40, which meant intraday gains of more than 6% for the Small-cap stock below ₹ 100 Hi-Tech Pipes share price. Notably the gains by the stock were on the day when Indian Stock Market traded weak and Nifty had corrected around 1% during the intraday trades.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
13 minutes ago
- Indian Express
CM-YUVA campaign: Govt launches drive to aid college students, unemployed youths start own ventures
The state government has launched a campaign across all 75 districts as part of which special teams of officials will visit universities, engineering colleges and other higher education institutions to identify students in their final year, as well as those who remain unemployed despite completing their studies. Once identified, eligible youth will be offered interest-free, collateral-free loans of up to Rs 5 lakh to help them start their own ventures and become job creators. The campaign is being run under Mukhyamantri Yuva Udyami Vikas Abhiyan (CM-YUVA). According to Sarveshwar Shukla, Joint Commissioner of Industries and nodal officer of the scheme, the primary goal of the Yogi Adityanath-led government is to empower every eligible, educated and progressive-thinking youth by helping them launch their businesses. The vision is to transition youth from 'seeking jobs' to 'creating jobs.' Along with financial support, technical guidance will also be provided to ensure the success of these entrepreneurial initiatives. To ensure effective implementation, specialised training is being provided to officials. A two-day capacity-building workshop was recently organised in Lucknow, focusing on improving the rollout of the scheme and enhancing the functionality of the CM Yuva Portal. These trained officials will soon begin visiting campuses to implement the scheme at the grassroots level. According to the government, more than 2.5 lakh youths have applied for loans under the initiative. Of these, more than 1.10 lakh applications have been forwarded to banks, and loans have been sanctioned to over 53,000 applicants, with 40,000 already receiving funds. Young entrepreneurs have started utilising these interest-free loans to launch ventures in sectors — from cake manufacturing and digital marketing to launch ventures in sectors — from cake manufacturing and digital marketing to interior design, laundry services, solar panel installation, tattoo studios and mineral water plants.
Time of India
20 minutes ago
- Time of India
Mid-air escape: Air India London-Delhi flight entered Iran airspace as Israel struck with missiles; rerouted over Iraq
NEW DELHI: An Air India flight from London to New Delhi had just entered Iranian airspace when Israel launched a wave of missile strikes on Iran's military and nuclear sites. The flight was rerouted over Iraq before arriving in India one hour late, according to an AFP report. Tired of too many ads? go ad free now The close call was one of several disruptions on Friday as Air India diverted or turned back at least 16 international flights mid-air due to the sudden escalation and subsequent closure of Iranian airspace. Among those affected were services between India and cities like London, Toronto, and New York. Aircraft tracking site Flight Aware showed that two other Air India flights — from Delhi to Vienna and Mumbai to London — were nearing Iranian airspace and turned back to their origin airports shortly after the strikes began. In a statement, Air India said: 'Due to the emerging situation in Iran, the subsequent closure of its airspace and in view of the safety of our passengers, the following Air India flights are either being diverted or returning to their origin. We regret the inconvenience caused to our passengers due to this unforeseen disruption and are making every effort to minimise it.' The airline is offering full refunds or complimentary rescheduling to affected passengers and is arranging accommodation where necessary. The Indian Embassy in Iran also issued an advisory urging Indian nationals and people of Indian origin to stay alert and avoid non-essential travel, as tensions surged following Israel's precision strikes targeting Iranian defence infrastructure. Iran, Israel, Iraq, Jordan, and Syria temporarily shut down their airspace, leading to widespread cancellations and rerouting of global flights to and from the Middle East. Global airlines suspended flights to Tel Aviv and Tehran as air traffic over the region thinned out overnight. Israel said the strikes were a direct response to the growing threat from Iran's missile and nuclear capabilities. Iran retaliated by launching a wave of drones toward Israeli territory.
Mint
20 minutes ago
- Mint
India concerned about crude oil supply disruptions in Strait of Hormuz as prices surge after Israel's attacks on Iran
New Delhi: Indian policymakers are concerned about likely crude oil supply disruptions in the Strait of Hormuz – a key supply route for West Asian oil for the world's third-largest buyer – but are prepared for any eventuality after Israel's latest attacks on Iran sent oil prices surging to a two-month high, two people with knowledge of the developments said. India is particularly at a disadvantage given that it imports almost 90% of its energy requirements, of which half comes from West Asian countries including Saudi Arabia, Iraq, Kuwait and the UAE. Brent prices surged over 10% overnight and traded at about $74 per barrel, higher by 7.6% from its previous close, and way above $60 per barrel in May. Israel launched airstrikes on Iran on Friday, targeting the country's nuclear infrastructure. The Israel Defense Forces said the coordinated strikes hit multiple locations across Iran, marking the most serious attack on the country since the Iran-Iraq war in the 1980s. Also Read | Trump Sees Possible 'Massive Conflict' Between Israel, Iran Experts suggested that if the conflict continues and Iran blocks the Strait of Hormuz, which also has the loading ports of Saudi Arabia and the UAE, it may destabilize crude oil and natural gas trade. The narrow shipping passage accounts for about 20% of global crude oil supplies and 25% of liquefied natural gas trade. "This is a major event and may cause disruption if the situation continues. The Centre is closely watching the situation and is prepared for any eventuality in terms of supplies to India and availability of energy in the country," one of the two people said. An industry executive said on condition of anonymity that apart from the disruption of oil supplies in the Strait of Hormuz, the situation is likely to lead to higher freight and insurance rates, which will increase the landed cost of oil. Supply risk "About 20% of oil trade comes from that strait," said Prashant Vashisht, vice president with ICRA. 'Iran has threatened strikes on oil assets in Saudi Arabia and the UAE, Kuwait, and Qatar – there is potential supply risk. Further, Iran has threatened strike on in assets in other oil producers in the region, there is potential supply risk. Further, there is no alternate loading points for crude and gas which are generally loaded in that area. Only about 8% of the energy supplies coming through the strait can be diverted to other routes." "Currently, it is a wait-and-watch situation for the government and oil marketing companies. It also needs to be seen how the situation evolves in the next few days and how prolonged this conflict is," the second person said. An executive with an oil marketing company said there has been no immediate impact on supplies. However, there are concerns over supplies, going forward. "For June, the cargoes are already booked. But the issue would come up in terms of insurance and freight rate, which will impact the eventual prices," the executive said. Also Read | Israel-Iran conflict: Crude oil prices jump over 13%; Brent crude oil above $73 per barrel If prices remain high and continue to surge, the margins of oil marketing companies are likely to take a hit. Every $1 increase in crude prices would result in an increase of 50-60 paise per litre in petroleum product prices. However, no immediate impact on retail prices is expected because oil companies have been posting a profit on the sale of products of late due to low oil prices, said industry stakeholders. "At around $65 per barrel, oil companies were witnessing a healthy differential over pre-tax domestic and international prices of about ₹12 per litre of petrol and ₹9 per litre of diesel, this may now shrink," said Vashisht of ICRA. Economic impact JPMorgan predicted that oil prices may surge to $120 per barrel due to the conflict, which may lead to a 1.7% increase in retail inflation in the US. In the case of India too, there will be an economic impact, largely in terms of depreciation of the rupee against the dollar and on the balance of trade. "If prices reach the projected level of $120 per barrel in the near term, it will have created pressure on the forex front and the balance of trade as the import bill rises. However, an impact on inflation is not expected as retail fuel prices are not likely to be immediately increased as they have been kept stagnant even when prices were low," said Madan Sabnavis, chief economist of Bank of Baroda. Crude oil comprises about 20% of India's total import bill. India's crude oil import bill increased 2.7% to $137 billion in FY25, according to data from the Petroleum Planning and Analysis Cell. State-run oil marketing companies – Indian Oil, Bharat Petroleum and Hindustan Petroleum – have kept petrol and diesel prices unchanged since the ₹2 cut in March ahead of the elections last year. Queries mailed to the ministry of petroleum and natural gas, the finance ministry, Indian Oil, Bharat Petroleum and Hindustan Petroleum remained unanswered till publishing time. Navneet Damani, group senior VP and head of commodities research at Motilal Oswal Financial Services Ltd, said if Iran retaliates, prices would skyrocket and the worry is that the situation could escalate into a full-blown regional crisis, which would have significant implications for global oil supplies. Volatile situation "In a worst-case scenario, the Strait of Hormuz could be shut down, putting 20 million barrels per day of supply at risk. Prices have already jumped 10%, and any further escalation could push them up another 8-9%. It's a volatile situation, and everyone is holding their breath to see what happens next," Damani said. Also Read | Israel's war on Iran to hit Indian workforce A similar conflict between the two countries in October last year led to a sudden surge in prices. However, as the situation eased, so did prices. Stakeholders are now looking at how the situation evolves and how long this conflict stretches. Nikhil Dhaka, vice president at Primus Partners, said that although supplies are likely to be impacted, India's crude oil import basket is diversified with oil procured from Russia, the US and West Africa. OMCs have various options to source oil, going forward, although shipping costs of various routes need to be assessed. 'A prolonged impact on supplies through the Strait of Hormuz can significantly impact supplies globally, including India. For India, two-thirds of its oil and almost 50% of LNG flows through this route," he said. In February and March 2022, as Russia invaded Ukraine, oil prices surged to multi-year highs of $130 per barrel, which led India to release oil from its strategic reserves to meet demand. India also increased purchases from Russia starting in 2022 as it offered deep discounts amid sanctions by the European Union and the US.
