Small-cap stock below ₹100: Hi-Tech Pipes jumps 6% despite weak bias in the Indian stock market. Here's why

Stock Market Today: Small-cap stock below ₹100 — Hi-Tech Pipes — gained more than 6% in the intraday trade on Tuesday despite weak bias in the Indian stock market.

Hi-Tech Pipes share price trend

Hi-Tech Pipes's strong performance in the March 2025 quarter pushed the small-cap stock higher in trade today.

During the quarter gone by, Hi-Tech Pipes saw its revenue grow 7.74% to ₹734 crore as compared to ₹681 crore reported in the year-ago quarter (in Q4FY24). The revenue growth as per Hi-Tech Pipes was driven by robust demand in infrastructure and construction sectors.

Sales volume for the small-cap company increased by 8% year-on-year. Volumes reached 1,16,032 MT, up from 1,07,721 MT in Q4 FY24. The same, as per Hi-Tech Pipes, reflects an increased demand.

Profitability rose by 59% to ₹17.63 crore during the January-March 2025 quarter, compared to ₹11.12 crore in January- March 2024 quarter.

Earnings before interest, tax, depreciation and amortisation or (EBITDA) came at ₹34.93 crore as per Hi-Tech Pipes in Q4FY25, which was comparable to ₹35.34 crore reported by the small-cap stock in the same period last year.

Hi-Tech Pipes share price movement

Small-cap stock below ₹100, Hi-Tech Pipes share price, opened at ₹95.70 on Tuesday on the National Stock Exchange of India (NSE). At the opening levels, the scrip was 1% higher than the previous day's closing price of ₹94.68. 

During the day, Hi-Tech Pipes share price gained further to hit an intraday high of ₹110.40, translating into 6% upside in the small-cap stock. Notably the gains by the stock were recorded on a day when the Indian stock market was weak. Nifty corrected around 1% during the intraday trade today.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.