Hi-Tech Pipes (HTP) saw a 2% stock price jump after announcing remarkable sales performance for Q3 FY25. The company achieved a record 1,24,233 MT in quarterly sales, marking a 26.10% YoY growth. Over the nine-month period, sales reached 3,69,415 MT, reflecting a 30.33% YoY increase.
A significant driver of this growth is Hi-Tech Pipes’ solar torque tubes, a key product in India’s expanding solar energy sector. Renowned for their durability and precision, these tubes are in high demand for large-scale solar projects. Additionally, the company has experienced strong performance in infrastructure and construction, thanks to its diverse product portfolio catering to various industries.
Hi-Tech Pipes shares opened at ₹161.00, with a high of ₹163.75 and a low of ₹160.99 on the trading day. The stock has seen a 52-week high of ₹210.85 and a 52-week low of ₹102.80.
As of 9:29 AM, Hi-Tech Pipe shares were trading 2.50% higher at Rs 162.08.
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