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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 stocks 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 1111%. 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 116032 MT compared to 107721 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 3068 crore from Rs 2699 crore bolstered by record sales volumes. With PTI inputs