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Hi-Tech Pipes Limited
Share Price Target & Analysis

NSE:HITECH

125.97

VWAP

129.40

Open

128.1

Close

129.80

High

124.10

Low

170.00

52 Week High

124.40 ⇩
-3.70 (-2.89%)

HITECH

(Miscellaneous)
53.9% Momentum

Turnaround Potential

71.00

52 Week Low

2.14

EPS

32.27

PE

0.73

PB

Economical
Quality

Diamond
Valuation

#Analysis

NSE: HITECH Share Price Financial Analysis & Valuation

Hi-Tech Pipes Limited (HITECH) is broadly categorized in Miscellaneous segment industry which deals in Steel - Tubes & Pipes vertical. It is one of Small Cap company with Market Capitalization of Rs 694.1 (in Cr). Total number of free float shares are 1.1 (in Lacs). Hi-Tech Pipes Limited is listed on NSE with Exchange ID - INE106T01025 and trading code is NSE:HITECH with short name Hi-Tech Pipes.

In the past 1 year, Hi-Tech Pipes Limited has declared an equity dividend of Rs 0.5 per share. At the current share price of HITECH at Rs 124.40, this results in a dividend yield of 0.4 %.

As per the Fundamental Analysis of NSE:HITECH, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine HITECH underlying value and future prospects. All of this data is available in HITECH financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:HITECH, it is clearly understood that HITECH is Economical performer in terms of earnings and profit margins with an EPS of 2.14. NSE:HITECH book value per share as of today is 169.83. The current price to book ratio for HITECH as of May 16, 2024 is 0.73.

Valuation of the Stock: The current valuation of HITECH stock is like Diamond which means currently the stock is Very Expensive. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of HITECH whether to BUY this stock at current valuation. The delivery percentage of HITECH is 37.04% is very crucial parameter which shows that 37.04% investors are anticipating that the price of HITECH share should go up with VWAP at 125.97.

Now, the main question is whether to BUY or SELL, NSE:HITECH at current valuation.
As per latest Analysis No. #2358:-

⇑ STRONG BUY HITECH if All Greens

⇗ BUY HITECH (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD HITECH (With Stop Loss) if only 1 Green

⇘ SELL HITECH if NO Green Indicator

NSE: HITECH Share Price Today (May 16, 2024)

(Hi-Tech Pipes Limited Daily Analysis on the basis of HITECH Intraday Graph & Trend)

Hi-Tech Pipes Limited share price moved Down by -2.89% from its previous close of Rs 128.1. HITECH stock last traded price is 124.40. HITECH share price trend is Down with a total of 410592 stocks traded till now. It has touched an intraday high of Rs 129.80 and an intraday low of Rs 124.10. The HITECH trading at 124.40, Down by Rs. -3.70, or -2.89 percent which suggests that most of the Traders are anticipating that the price of HITECH share should go Down.

NSE: HITECH Share Price Tomorrow Prediction

(Hi-Tech Pipes Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of HITECH)

Hi-Tech Pipes Limited share price moved Down by -2.89%. HITECH share price short term trend is Down. It suggests that HITECH Share Price for Tomorrow remains the same with VWAP at 125.97 will be treated as stop loss for intraday traders. Hi-Tech Pipes Limited Long term investors can follow the HITECH long term trend as mentiond in future forecast table.

NSE Code

NSE: HITECH

HITECH Share Price Today

 124.40

HITECH Share Price Target Prediction for 2024 ^

 116 - 170.8

HITECH Share Price Target Prediction for 2025*^

 170.8 - 182

HITECH Share Price Target Prediction for 2026*^

 182 - 194.7

HITECH Share Price Target Prediction for 2027*^

 204

HITECH Share Price Target Prediction for 2028*^

 210

HITECH Share Price Target Prediction for 2030*^

 229
HITECH Current Book Value 2023
169

*Hi-Tech Pipes Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^HITECH share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

HITECH Technical Analysis

Candlestick Pattern: @124.4

HITECH Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 124.89 SELL 125.84 SELL
MA_12 128.34 SELL 127.56 SELL
MA_20 128.72 SELL 128.72 SELL
MA_32 131.99 SELL 130.49 SELL
MA_50 131.25 SELL 131.52 SELL
MA_100 138.43 SELL 129.93 SELL
MA_200 113.61 BUY 117.38 BUY

HITECH Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 128.72 Downtrend
MACD -0.35 SELL
ADX 15.35 NO or Weak Trend
DMI (+/-) 14.85 / 22.62 Downtrend

HITECH Momentum Oscillators

BUY (0) NEUTRAL (10) SELL (2)
Momentum Oscillators Value Action
RSI 42.67 Neutral
STOCHASTIC_K (Fast) 69.33 Neutral
STOCHASTIC_D (Slow) 66.03 Neutral
CCI -54.83 Neutral
PSAR 132.14 SELL
TRUE RANGE 5.7 Neutral
ATR 6.27 Neutral
WILLIAMS R -60.29 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 48.59 Neutral
STOCHASTIC RSI D 72.03 Neutral
MOMENTUM -10.15 SELL

HITECH Last 1 Year Trend

Duration Value
1 Year 68.79%
3 Months -15.06%
1 Month -7.54%
1 Week -2.7%

HITECH Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 7%
NEUTRAL / HOLD 37%
SELL 57%

Most popular Questions & Answers about HITECH


Hi-Tech Pipes Limited stock last traded price is 124.40. HITECH share price moved Down by -2.89% from its previous close of Rs 128.1.

Hi-Tech Pipes Limited share price trend is Down with a total of 410592 stocks traded till now. It has touched an intraday high of Rs 171.7 and an intraday low of Rs 124.10. The HITECH trading at 124.40, Down by Rs. -3.70, or -2.89 percent which suggests that most of the Traders are anticipating that the price of HITECH share should go Down and the Stop Loss will be around 125.97.

The market cap of Hi-Tech Pipes Limited is ₹694.1 (in Cr) as of May 15, 2024.

The current price to earning ratio for Hi-Tech Pipes Limited as of May 15, 2024 is 32.27.

The current price to book ratio for Hi-Tech Pipes Limited as of May 15, 2024 is 0.73.

The highest price of Hi-Tech Pipes Limited stock is ₹170.00 in the last 52-week.

The lowest price of Hi-Tech Pipes Limited stock is ₹71.00 in the last 52-week.

Hi-Tech Pipes Limited share trading at ₹124.40, Down by Rs. -3.70, or -2.89 percent which suggests that most of the traders are anticipating that the price of HITECH share should go Down.

In 2023, Stock price target for Hi-Tech Pipes Limited (HITECH) are ₹116 on downside and ₹170.8 on upside. Hi-Tech Pipes Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Hi-Tech Pipes Limited (HITECH) are ₹170.8 on downside and ₹182 on upside. Hi-Tech Pipes Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Hi-Tech Pipes Limited (HITECH) are ₹182 on downside and ₹194.7 on upside. Hi-Tech Pipes Limited share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Hi-Tech Pipes Limited (HITECH) will be around ₹210 Hi-Tech Pipes Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of HITECH.

As per the fundamental analysis of Hi-Tech Pipes Limited (HITECH), it is of Economical quality in terms of earnings and profit margins with an EPS of 2.14. Hi-Tech Pipes Limited book value per share as of today is 169.83. The current price to book ratio for HITECH as of May 16, 2024 is 0.73.


NSE:HITECH News & Other Useful Information about HITECH Share Price


Peer Comparison of NSE: HITECH

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Steel - Tubes & Pipes

Company Price EPS BV
APLAPOLLO 1585.00 16.35 104.11
RATNAMANI 3153.40 90.81 385.03
WELCORP 598.95 21.49 132.7
MAHSEAMLES 804.40 79.23 350.88
JINDALSAW 547.80 50.24 318.72
SURYAROSNI 577.85 34.97 171.07
GOODLUCK 875.35 38.7 188.62
HITECH 124.40 2.14 169.83
MANINDS 380.15 18.45 155.27
GANDHITUBE 823.00 43.35 149.85
Updated at: 15 May 2024 15:57

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