India's Hi-Tech Pipes climbs on Q1 profit rise

Hi-Tech Pipes

12/08/2024 09:05

** Shares of Hi-Tech Pipes  HITC.NS  are up 4.3% in above
avg vols 
    ** Maker of pipes and coils posted a 62% y/y rise in Q1
consol profit, rev rose 27%
    ** HITC, which was up around 2.5% earlier in the session,
rose as much as 6.4% after the announcement  
    ** Stock on track to post fourth straight session of gains,
rising around 15% in the period     
    ** More than 5.7 mln shares traded, 3x their 30-day avg 
    ** YTD, HITC up 40% 

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))