Whalesbook
Record Sales Volumes Lift Shares
The record volumes were driven by strong demand and better capacity use at its manufacturing plants, the company reported.
Managing Director Ajay Kumar Bansal noted the company's focus on operational efficiency and expanding market reach. He expressed optimism about the demand outlook, stating the company is "well-positioned to sustain this growth momentum going forward."
Hi-Tech Pipes makes ERW steel tubes and pipes, operating multiple plants with over 1 million tonnes of annual installed capacity.
The strong quarterly results pushed shares up 3.86% to an intraday high of ₹80.10. Although the stock later pulled back to trade 2.10% higher at ₹78.74 by mid-morning, the rise offered a welcome sign. This followed a significant 31% drop in the stock price over the past six months, showing investor caution despite the improved operational figures.