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Shares of BSE smallcap demonstrated resilience in the face of market fluctuations gaining over 8 per cent on Friday as the market rebounded following Reserve Bank of Indias decision to cut repo rate by 50 basis points (bps) to 5.50 per cent. The stock which started the session at Rs 97.83 saw a further gain to touch the high of Rs 103.94 - a jump of 8.02 per cent from the closing price of the last trading session. This resilience is a testament to the companys strong position in the market. On the NSE the stock started the session at Rs 97 and touched a high of 103.90. The 52-week high of the stock is Rs 210.85 hit on September 23 2024. The 52-week low of the counter is Rs 84.80. The market cap of the company is Rs 2055 crore. Meanwhile SBI Securities has reiterated its ‘Buy’ rating on Hi-Tech Pipes assigning a revised target price of Rs 138 -an upside potential of 43.4 percent from the current market price of Rs 96.2. Quarterly Results It had recorded a net profit of Rs 11.12 crore in the January-March quarter of 2023-24 the company said in an exchange filing. This was a significant increase from the previous quarter indicating a positive trend in the companys financial performance. The companys total income increased to Rs 733.75 crore from Rs 680.75 crore a year ago. Sales volume increased 8 per cent to 116032 MT from 107721 MT in Q4 FY24 reflecting higher demand. For the entire FY25 the companys net profit surged impressively rising 66 per cent to Rs 72.95 crore against Rs 43.93 crore in FY24. Revenues during the year also saw a healthy growth increasing by 14 per cent to Rs 3068 crore from Rs 2699 crore supported by record sales volumes. This robust financial performance is a testament to the companys strength and potential. Hi-Tech Pipes owns and operates six integrated manufacturing facilities in Uttar Pradesh Gujarat Andhra Pradesh and Maharashtra having a combined installed capacity of 750000 metric tonnes (MT) per annum. Despite recent corrections the counter has delivered a remarkable return of 107 per cent to its investors over the past three years. This long-term growth trajectory coupled with the companys strong financials instills optimism about its future performance among investors. With PTI inputs