Hi-Tech Pipes reported a 63 per cent jump in the standalone net profit on a YoY basis at Rs 13.65 crore in the March 2023 quarter, compared to a net profit of Rs 8.38 crore in the year-ago period.

Hi-Tech Pipes shares jump 10% after strong quarterly earnings

Hi-Tech Pipes Ltd has posted a 42 per cent rise in its consolidated net profit to about Rs 16 crore in March 2023 quarter, backed by higher revenues.

Hi-Tech Pipes’s net profit grows 42% to Rs 16 crore in March 2023 quarter

Bharat Electronics had earlier today stock exchanges that the record date for the purpose of ascertaining the eligibility of the shareholder will be Saturday, March 25.

Bharat Electronics to consider dividend; Hi-Tech Pipes, 2 other shares to go ex-split today

The company had fixed Mar 17, 2023 as the record date of the stock sub-division plan.

Hi-Tech Pipes splits shares in 1:10 ratio to increase liquidity

Earlier, the company through postal ballot had approved sub-division of its shares from 1 equity share of face value of Rs 10 each to 10 shares of face value of Re 1 each, it said.

Hi-Tech Pipes splits shares in 10:10 ratio to increase liquidity

Hi-Tech Pipes Nears 52-Wk High on Ex-Split Day, Buoys 71% in 1 Year

Each share of Hi-Tech Pipes with a face value of Rs 10 each will be split in 10 shares of Re 1 each from Friday and will trade with a new ISIN number from the given session.

Hi-Tech Pipes shares to trade ex-split on Friday; stock turns flat after early gains

Hi-Tech Pipes has fixed March 17, 2023 as the record date to ascertain the names of shareholders entitled for the sub-division of equity shares.

Hi-Tech Pipes jumps 5% after the company announces record date for stock split

Hi-Tech Pipes’ shares have delivered multiabgger returns in last seven months. The stock has jumped 190 per cent from its 52-week low of Rs 323 on June 23, 2022.

Hi-Tech Pipes shares rise 5% after Q3 results, stock-split announcement

The company had clocked Rs 10.16 crore during the same period of the preceding fiscal, the steel pipes maker said in a regulatory filing.

Hi-Tech Pipes Q3 net profit grows 28% to 13 crore

Hi-Tech Pipes consolidated net profit rises 28.02% in the December 2022 quarter

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Hi -Tech Pipes Limited is a company which produces steel pipes, hollow sections, tubes, cold rolled coils, road crash barriers, solar mounting structures and strips, and a range of other galvanized products.

Hi-Tech Pipes Ltd