NIFTY 23907.25 BANK 51135.40

Hi-Tech Pipes Limited
Share Price Target & Analysis

NSE:HITECH

164.17

VWAP

161.55

Open

161.54

Close

165.73

High

160.62

Low

210.85

52 Week High

165.30 ⇧
3.76 (2.33%)

HITECH

(Miscellaneous)
59.8% Momentum

Turnaround Potential

97.65

52 Week Low

2.41

EPS

29.98

PE

6.44

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 165.30, this results in a dividend yield of 0.3 %.

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 2.41. NSE:HITECH book value per share as of today is 25.65. The current price to book ratio for HITECH as of Nov 23, 2024 is 6.44.

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 40.89% is very crucial parameter which shows that 40.89% investors are anticipating that the price of HITECH share should go up with VWAP at 164.17.

Now, the main question is whether to BUY or SELL, NSE:HITECH at current valuation.
As per latest Analysis No. #2856:-

⇑ 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 (Nov 23, 2024)

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

Hi-Tech Pipes Limited share price moved Up by 2.33% from its previous close of Rs 161.54. HITECH stock last traded price is 165.30. HITECH share price trend is Up with a total of 337757 stocks traded till now. It has touched an intraday high of Rs 165.73 and an intraday low of Rs 160.62. The HITECH trading at 165.30, Up by Rs. 3.76, or 2.33 percent which suggests that most of the Traders are anticipating that the price of HITECH share should go Up.

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 Up by 2.33%. HITECH share price short term trend is Up. It suggests that HITECH Share Price for Tomorrow remains the same with VWAP at 164.17 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

 165.30

HITECH Share Price Target Prediction for 2024 ^

 148.5 - 211.9

HITECH Share Price Target Prediction for 2025*^

 211.9 - 225.7

HITECH Share Price Target Prediction for 2026*^

 225.7 - 241.5

HITECH Share Price Target Prediction for 2027*^

 254

HITECH Share Price Target Prediction for 2028*^

 261

HITECH Share Price Target Prediction for 2030*^

 284
HITECH Current Book Value 2023
25.5

*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: @167.96

HITECH Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 172.74 SELL 172.12 SELL
MA_12 179.69 SELL 177.58 SELL
MA_20 179.06 SELL 180.13 SELL
MA_32 186.19 SELL 182.51 SELL
MA_50 189.23 SELL 181.93 SELL
MA_100 177.6 SELL 175.33 SELL
MA_200 153.44 BUY 156.21 BUY

HITECH Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 179.06 Downtrend
MACD -1.43 SELL
ADX 22 NO or Weak Trend
DMI (+/-) 13.67 / 27.66 Downtrend

HITECH Momentum Oscillators

BUY (0) NEUTRAL (5) SELL (7)
Momentum Oscillators Value Action
RSI 35.85 Neutral
STOCHASTIC_K (Fast) 8.74 Oversold
STOCHASTIC_D (Slow) 3.96 Oversold
CCI -129.83 SELL
PSAR 193.34 SELL
TRUE RANGE 5.73 Neutral
ATR 7.86 Neutral
WILLIAMS R -90.16 Oversold
TRIX 0 Neutral
STOCHASTIC RSI K 20.38 Neutral
STOCHASTIC RSI D 6.79 Oversold
MOMENTUM -30.42 SELL

HITECH Last 1 Year Trend

Duration Value
1 Year 50.37%
3 Months 2.94%
1 Month -15.33%
1 Week -9.74%

HITECH Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 7%
NEUTRAL / HOLD 20%
SELL 73%

Most popular Questions & Answers about HITECH


Hi-Tech Pipes Limited stock last traded price is 165.30. HITECH share price moved Up by 2.33% from its previous close of Rs 161.54.

Hi-Tech Pipes Limited share price trend is Up with a total of 337757 stocks traded till now. It has touched an intraday high of Rs 212.9585 and an intraday low of Rs 160.62. The HITECH trading at 165.30, Up by Rs. 3.76, or 2.33 percent which suggests that most of the Traders are anticipating that the price of HITECH share should go Up and the Stop Loss will be around 164.17.

The market cap of Hi-Tech Pipes Limited is ₹694.1 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Hi-Tech Pipes Limited as of Nov 22, 2024 is 29.98.

The current price to book ratio for Hi-Tech Pipes Limited as of Nov 22, 2024 is 6.44.

The highest price of Hi-Tech Pipes Limited stock is ₹210.85 in the last 52-week.

The lowest price of Hi-Tech Pipes Limited stock is ₹97.65 in the last 52-week.

Hi-Tech Pipes Limited share trading at ₹165.30, Up by Rs. 3.76, or 2.33 percent which suggests that most of the traders are anticipating that the price of HITECH share should go Up.

In 2023, Stock price target for Hi-Tech Pipes Limited (HITECH) are ₹148.5 on downside and ₹211.9 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 ₹211.9 on downside and ₹225.7 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 ₹225.7 on downside and ₹241.5 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 ₹261 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.

The price of Hi-Tech Pipes Limited (HITECH) shares moved by 2.33%. The short-term trend for HITECH share price is Up. It implies that the share price of HITECH will stay the same tomorrow and that intraday traders should treat VWAP at 164.17 as a stop loss. Investors with a long-term outlook can track HITECH long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of HITECH stock is 28.9. Compared to the current market price of 165.30 INR, the HITECH stock is Overvalued by 82.5%.

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 2.41. Hi-Tech Pipes Limited book value per share as of today is 25.65. The current price to book ratio for HITECH as of Nov 23, 2024 is 6.44.


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 1418.25 9.32 104.11
RATNAMANI 3466.25 72.81 459.57
WELCORP 700.60 16.48 135.86
MAHSEAMLES 641.00 64.46 418.64
JINDALSAW 297.00 29.78 159.36
SURYAROSNI 565.05 29.63 198.83
GOODLUCK 944.00 44.83 311.61
HITECH 165.30 2.41 25.65
MANINDS 297.65 17.55 195.65
GANDHITUBE 755.25 47.84 183.33
Updated at: 22 Nov 2024 15:50

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