Multibagger stock: Hi-Tech Pipes share price rises 7% after Q1 results today. Inches close to lifetime high | Stock Market News

Hi-Tech Pipes shares have become one of the standout multibagger stocks on the Indian stock market over the past year. The share price has more than doubled, rising from around ₹77 to ₹164 per share, marking a gain of over 105%. Investors showed strong interest in the stock after the company announced its first-quarter results for FY25 on Monday, which revealed impressive growth in both income and profit.

The share price of Hi-Tech Pipes opened higher today at ₹155 and reached an intraday high of ₹164 on the NSE after the Q1FY25 results were released. This represents an intraday gain of over 7.50%, bringing the stock close to its all-time high of ₹170 per share.

In its Q1FY25 results, the company reported a total income of ₹867.75 crore, up from ₹642.44 crore in the same period last year, showing a year-over-year increase of over 35%. On a quarter-over-quarter basis, income grew from ₹680.75 crore to ₹867.50 crore, an increase of around 27.50%.

Hi-Tech Pipes also saw its net profit rise significantly, growing from ₹8.02 crore in Q1FY24 to ₹18.05 crore in Q1FY25, marking a year-over-year growth of over 125%. Compared to the previous quarter, where the company posted a net profit of ₹11.12 crore, this quarter’s profit has grown by more than 62%.

Hi-Tech Pipes is a small-cap company with a market cap of ₹2,850 crore. The stock is traded on both the BSE and NSE. Currently, the trading volume is around 69 lakh shares, with almost an hour of trading left on Monday. The stock’s 52-week high is ₹170 per share, while the 52-week low is ₹73.85 per share on the NSE.