Current price is more than the intrinsic value

Intrinsic value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

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

Entry point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

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

Hi-Tech Pipes’ consolidated net profit zoomed 199.65% to Rs 13.02 crore in Q3 FY23 as against Rs 4.34 crore posted in Q3 FY22.

Hi-Tech Pipes Q3 PAT soars 200% YoY to Rs 13 cr

Among the small caps, Rama Steel Tubes has generated the highest return of 167%, followed by Hi-Tech Pipes (71%) and JTL Industries (45%) while midcap stock APL Apollo Tubes has returned almost 25% over the same period.

Infra spends aid small cap pipe makers generate big returns

Hi-Tech Pipes’ board is scheduled to meet on January 28, 2023 to consider the proposal of the sub-division/split of equity shares, the company told the exchanges.

Hi-Tech Pipes: Multiabagger stock extend gains to hit new highs

PNC Infratech, Finolex Cables, APL Apollo, Hi-tech Pipes, Gati, Mahindra Logistics and Macrotech Developers are among Sharekhan’s midcap and smallcap picks.

Budget 2023 stock picks: L&T, Dabur, M&M, HAL, PNC Infratech, Finolex Cables, Gati, Mahindra Logistics

Sula Vineyards, Hi-Tech Pipes Shares Surge As Quant MF Picks Stake

Hi-Tech Pipes shares gained 3.7 percent to close at Rs 898.2, while Sula Vineyards surged 14.7 percent to Rs 373.2

Quant Mutual Fund acquires 1.6% stake in Hi-Tech Pipes, 1.2% in Sula Vineyards

Hi-Tech Pipes board will consider a proposal of sub-division of equity shares of the company, having a face value of Rs 10 each

Multibagger stock: Hi-Tech Pipes board to meet on January 28 to consider stock split

Net Sales are expected to increase by 53.8 percent Y-o-Y (up 13 percent Q-o-Q) to Rs. 677 crore, according to Sharekhan.

Hi-tech Pipes Q3 PAT seen up 9.4% YoY to Rs. 11 cr: Sharekhan

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

Hi-Tech Pipes Ltd

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

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

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

Hi-Tech Pipes Q3 PAT soars 200% YoY to Rs 13 cr

Infra spends aid small cap pipe makers generate big returns

Hi-Tech Pipes: Multiabagger stock extend gains to hit new highs

Budget 2023 stock picks: L&T, Dabur, M&M, HAL, PNC Infratech, Finolex Cables, Gati, Mahindra Logistics

Sula Vineyards, Hi-Tech Pipes Shares Surge As Quant MF Picks Stake

Quant Mutual Fund acquires 1.6% stake in Hi-Tech Pipes, 1.2% in Sula Vineyards

Multibagger stock: Hi-Tech Pipes board to meet on January 28 to consider stock split

Hi-Tech Pipes Ltd

Intrinsic valueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry pointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

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

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

Hi-Tech Pipes Q3 PAT soars 200% YoY to Rs 13 cr

Infra spends aid small cap pipe makers generate big returns

Hi-Tech Pipes: Multiabagger stock extend gains to hit new highs

Budget 2023 stock picks: L&T, Dabur, M&M, HAL, PNC Infratech, Finolex Cables, Gati, Mahindra Logistics

Sula Vineyards, Hi-Tech Pipes Shares Surge As Quant MF Picks Stake

Quant Mutual Fund acquires 1.6% stake in Hi-Tech Pipes, 1.2% in Sula Vineyards

Multibagger stock: Hi-Tech Pipes board to meet on January 28 to consider stock split

Intrinsic value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock