Latest news with #Hi-TechPipes
Mint
5 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today after ease in Israel-Iran war
Stocks to buy under ₹ 100: Following the geopolitical tension caused by the Israel-Iran war, the Indian stock market witnessed intense selling pressure on Monday. The Nifty 50 index crashed 140 points and closed at 24,971, the BSE Sensex shed 511 points and closed at 81,896, while the Bank Nifty index finished 193 points lower at 56,059. Trent, BEL, and Hindalco emerged as the top gainers on the Nifty, while Infosys, HCL Technologies, and Larsen & Toubro were the session's biggest laggards. NSE cash market volumes declined 19% compared to the 10-day average. The Indian Rupee weakened 17 paise against the US Dollar, closing at 86.75—its lowest level since March 17. This depreciation stemmed from surging crude oil prices following US strikes on Iran's nuclear facilities, combined with a strengthening Dollar Index and weak domestic equity performance. The Mid-cap and the Small-cap indices defied the broader market decline. The Nifty Mid-cap 100 Index advanced 0.36%, while the Nifty Small-cap 100 Index gained 0.70%. Nifty Media, Consumer Durables, and Metals posted substantial gains, highlighting pockets of resilience. IT, Auto, and FMCG sectors closed sharply lower, weighing heavily on the benchmark index. Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index, after opening on a weak note near the 24,950 zone, witnessed fluctuations during the session on the back of geopolitical turmoil and closed in the red below the 25,000 zone with sentiment maintained with a very cautious approach. The index has witnessed a strong resistance near the 25,200 zones, whereas, on the downside, the 24,700 level would be the crucial near-term support that needs to be sustained to maintain the overall bias intact." "The Bank Nifty index opening on the lower end remained passive near the 55900 zone, whereas the post-lunch session witnessed some pullback to move past the 56000 level to minimise the losses. The index needs to indicate a clear breakout above the 56200-56300 zone to trigger a fresh upward move with the 55000 zone, on the downside maintained as the important and crucial near-term support, which needs to be sustained as of now," said Shiju Kuthupalakkal of Prabhudas Lilladher. Regarding stocks to buy today, Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; and Sugandha Sachdeva, Founder of SS WealthStreet — recommended these four intraday stocks for today under ₹ 100: Hi-Tech Pipes, NMDC, IRB Infrastructure, and NFL. 1] Hi-Tech Pipes: Buy at ₹ 98, Target ₹ 110, Stop Loss ₹ 94. 2] IRB Infrastructure: Buy at ₹ 49 to ₹ 49.50, Targets ₹ 50.50, ₹ 51.80, ₹ 54, ₹ 56, Stop Loss ₹ 48.10; and 3] NMDC: Buy at ₹ 67.50 to ₹ 68.05, Targets ₹ 69.40, ₹ 71, ₹ 74, Stop Loss ₹ 66.50. 4] NFL: Buy 97.80, Target ₹ 102.50, Stop Loss ₹ 95.50.
Mint
5 days ago
- Business
- Mint
Stocks to buy under ₹100: Experts recommend four shares to buy today after ease in Israel-Iran war
Stocks to buy under ₹ 100: Following the geopolitical tension caused by the Israel-Iran war, the Indian stock market witnessed intense selling pressure on Monday. The Nifty 50 index crashed 140 points and closed at 24,971, the BSE Sensex shed 511 points and closed at 81,896, while the Bank Nifty index finished 193 points lower at 56,059. Trent, BEL, and Hindalco emerged as the top gainers on the Nifty, while Infosys, HCL Technologies, and Larsen & Toubro were the session's biggest laggards. NSE cash market volumes declined 19% compared to the 10-day average. The Indian Rupee weakened 17 paise against the US Dollar, closing at 86.75—its lowest level since March 17. This depreciation stemmed from surging crude oil prices following US strikes on Iran's nuclear facilities, combined with a strengthening Dollar Index and weak domestic equity performance. The Mid-cap and the Small-cap indices defied the broader market decline. The Nifty Mid-cap 100 Index advanced 0.36%, while the Nifty Small-cap 100 Index gained 0.70%. Nifty Media, Consumer Durables, and Metals posted substantial gains, highlighting pockets of resilience. IT, Auto, and FMCG sectors closed sharply lower, weighing heavily on the benchmark index. Speaking on the outlook of the Nifty 50 today, Shiju Kuthupalakkal, Senior Manager of Technical Research at Prabhudas Lilladher, said, "The Nifty 50 index, after opening on a weak note near the 24,950 zone, witnessed fluctuations during the session on the back of geopolitical turmoil and closed in the red below the 25,000 zone with sentiment maintained with a very cautious approach. The index has witnessed a strong resistance near the 25,200 zones, whereas, on the downside, the 24,700 level would be the crucial near-term support that needs to be sustained to maintain the overall bias intact." "The Bank Nifty index opening on the lower end remained passive near the 55900 zone, whereas the post-lunch session witnessed some pullback to move past the 56000 level to minimise the losses. The index needs to indicate a clear breakout above the 56200-56300 zone to trigger a fresh upward move with the 55000 zone, on the downside maintained as the important and crucial near-term support, which needs to be sustained as of now," said Shiju Kuthupalakkal of Prabhudas Lilladher. Regarding stocks to buy today, Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher; Mahesh M Ojha, AVP — Research at Hensex Securities; and Sugandha Sachdeva, Founder of SS WealthStreet — recommended these four intraday stocks for today under ₹ 100: Hi-Tech Pipes, NMDC, IRB Infrastructure, and NFL. 1] Hi-Tech Pipes: Buy at ₹ 98, Target ₹ 110, Stop Loss ₹ 94. 2] IRB Infrastructure: Buy at ₹ 49 to ₹ 49.50, Targets ₹ 50.50, ₹ 51.80, ₹ 54, ₹ 56, Stop Loss ₹ 48.10; and 3] NMDC: Buy at ₹ 67.50 to ₹ 68.05, Targets ₹ 69.40, ₹ 71, ₹ 74, Stop Loss ₹ 66.50. 4] NFL: Buy 97.80, Target ₹ 102.50, Stop Loss ₹ 95.50. 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.
Mint
5 days ago
- Business
- Mint
Buy or sell: Vaishali Parekh recommends three stocks to buy today after ease in Israel-Iran war
Buy or sell stocks: Following the geopolitical tension caused by the Israel-Iran war, the Indian stock market witnessed intense selling pressure on Monday. The Nifty 50 index crashed 140 points and closed at 24,971, the BSE Sensex shed 511 points and closed at 81,896, while the Bank Nifty index finished 193 points lower at 56,059. Trent, BEL, and Hindalco emerged as the top gainers on the Nifty, while Infosys, HCL Technologies, and Larsen & Toubro were the session's biggest laggards. NSE cash market volumes declined 19% compared to the 10-day average. The Indian Rupee weakened 17 paise against the US Dollar, closing at 86.75—its lowest level since March 17. This depreciation stemmed from surging crude oil prices following US strikes on Iran's nuclear facilities, combined with a strengthening Dollar Index and weak domestic equity performance. The Mid-cap and the Small-cap indices defied the broader market decline. The Nifty Mid-cap 100 Index advanced 0.36%, while the Nifty Small-cap 100 Index gained 0.70%. Nifty Media, Consumer Durables, and Metals posted substantial gains, highlighting pockets of resilience. IT, Auto, and FMCG sectors closed sharply lower, weighing heavily on the benchmark index. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market bias has become cautious as the Nifty 50 index failed to break the hurdle at the 25,200 to 25,250 levels. The Prabhudas Lilladher expert said the key benchmark index slipping below 25,000 levels after the profit-booking trigger may put doubt into the minds of bulls. However, 24,800 to 24,750 may continue to provide strong support to the 50-stock index. Speaking on the outlook of the Nifty 50 today, Vaishali Parekh said, "The Nifty 50 index, after opening on a weak note near the 24,950 zone, witnessed fluctuations during the session on the back of geopolitical turmoil and closed in the red below the 25,000 zone with sentiment maintained with a very cautious approach. The index has witnessed a strong resistance near the 25,200 zones, whereas, on the downside, the 24,700 level would be the crucial near-term support that needs to be sustained to maintain the overall bias intact." "The Bank Nifty index opening on the lower end remained passive near the 55900 zone, whereas the post-lunch session witnessed some pullback to move past the 56000 level to minimise the losses. The index needs to indicate a clear breakout above the 56200-56300 zone to trigger a fresh upward move with the 55000 zone, on the downside maintained as the important and crucial near-term support, which needs to be sustained as of now," said Parekh. Parekh said that today, support for the Nifty is at 24,800 levels, while resistance is at 25,200. The Bank Nifty will have a daily range of 55,500-56,500. Regarding stocks to buy today, Vaishali Parekh recommended these three buy or sell stocks: Hi-Tech Pipes, ideaForge Technology, and Black Box. 1] Hi-Tech Pipes: Buy at ₹ 98, Target ₹ 110, Stop Loss ₹ 94; 2] ideaForge Technology: Buy at ₹ 631, Target ₹ 660, Stop Loss ₹ 610; and 3] Black Box: Buy at ₹ 490, Target ₹ 530, Stop Loss ₹ 480. 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.
India.com
06-06-2025
- Business
- India.com
This stock surges 7 per cent post 'buy' rating by SBI Securities: Details here
इंवेस्टमेंट से पहले रिस्क को जांच लें Shares of BSE smallcap demonstrated resilience in the face of market fluctuations, gaining over 8 per cent on Friday as the market rebounded following Reserve Bank of India's decision to cut repo rate by 50 basis points (bps) to 5.50 per cent. The stock, which started the session at Rs 97.83, saw a further gain to touch the high of Rs 103.94 – a jump of 8.02 per cent from the closing price of the last trading session. This resilience is a testament to the company's strong position in the market. On the NSE, the stock started the session at Rs 97 and touched a high of 103.90. The 52-week high of the stock is Rs 210.85, hit on September 23, 2024. The 52-week low of the counter is Rs 84.80. The market cap of the company is Rs 2,055 crore. Meanwhile, SBI Securities has reiterated its 'Buy' rating on Hi-Tech Pipes, assigning a revised target price of Rs 138 -an upside potential of 43.4 percent from the current market price of Rs 96.2. Quarterly Results It had recorded a net profit of Rs 11.12 crore in the January-March quarter of 2023-24, the company said in an exchange filing. This was a significant increase from the previous quarter, indicating a positive trend in the company's financial performance. The company's total income increased to Rs 733.75 crore from Rs 680.75 crore a year ago. Sales volume increased 8 per cent to 1,16,032 MT from 1,07,721 MT in Q4 FY24, reflecting higher demand. For the entire FY25, the company's net profit surged impressively, rising 66 per cent to Rs 72.95 crore against Rs 43.93 crore in FY24. Revenues during the year also saw a healthy growth, increasing by 14 per cent to Rs 3,068 crore from Rs 2,699 crore, supported by record sales volumes. This robust financial performance is a testament to the company's strength and potential. Hi-Tech Pipes owns and operates six integrated manufacturing facilities in Uttar Pradesh, Gujarat, Andhra Pradesh and Maharashtra, having a combined installed capacity of 7,50,000 metric tonnes (MT) per annum. Despite recent corrections, the counter has delivered a remarkable return of 107 per cent to its investors over the past three years. This long-term growth trajectory, coupled with the company's strong financials, instills optimism about its future performance among investors. With PTI inputs
India.com
02-06-2025
- Business
- India.com
Shares of steel pipe maker in green even as market tumbles - Here's why
इंवेस्टमेंट से पहले रिस्क को जांच लें Shares of Hi-Tech Pipes, a steel pipe manufacturer, began trading positively on June 2, 2025, despite a decline in the overall stock market due to weak trends in Asian markets and renewed global trade concerns. The stock opened at Rs 95.55, slightly up from the previous close of Rs 95.36 on the Bombay Stock Exchange (BSE). It continued to rise, reaching a high of Rs 97.70, an increase of 2.41% from the last close. Currently, the stock is trading above its 5-day and 20-day moving averages, but below its 50-day, 100-day, and 200-day moving averages. On the National Stock Exchange (NSE), the stock started the session at Rs 95.89 and reached a high of Rs 97.77. It is currently trading with a gain of 1.28% at Rs 96.57. Share Price History The stock's 52-week high is Rs 210.85, achieved on September 23, 2024, while the 52-week low is Rs 84.80, recorded on May 9, 2025. Over the past five years, the stock has provided a remarkable multibagger return of 1,111%. However, it has seen a correction of 21% over the past year and a decline of 38% year-to-date. Quarterly Results The company, which operates six integrated manufacturing facilities across Uttar Pradesh, Gujarat, Andhra Pradesh, and Maharashtra, reported a 59% increase in consolidated net profit, driven by higher revenue. According to data submitted to the exchanges, the net profit for the January-March quarter was approximately Rs 18 crore, up from Rs 11.12 crore in the same quarter of the 2023-24 financial year. In its exchange filing, the company noted that total income rose to Rs 733.75 crore from Rs 680.75 crore a year earlier. Sales volume increased by 8%, reaching 116,032 MT compared to 107,721 MT in Q4 FY24, reflecting higher demand. For the full financial year 2024-25, net profit rose by 66% to Rs 72.95 crore, compared to Rs 43.93 crore in FY24, while revenues grew by 14% to Rs 3,068 crore from Rs 2,699 crore, bolstered by record sales volumes. With PTI inputs
