• Source:JND
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The shares of Hi-Tech pipes are trading in positive territory during the intraday trade on Monday after on finalisation of the board meeting date to approve Q4 results and to take a call on the final dividend. The shares started the day with a decent gap-up at Rs 94.19 against the previous day's closing price of Rs 93.97 per share and soared to hit an intraday high at Rs 95.90 per share on NSE in early trade.

The pipe manufacturing company said that its board meeting will held on May 26 to consider dividend (if any) and to approve Q4 financials.

"The Meeting of the Board of Directors of the company will be held on Monday, 26th day of May,2025, to consider, approve or recommend the following businesses: 1. To consider and approve Audited Financial Results (Standalone & Consolidated) for the Quarter and Year ended March 31, 2025. (2) Final Dividend, if any, on equity shares for the financial year ended March 31, 2025," the company said in an exchange filing.

"Further, in accordance with the ‘Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons’ of the Company and under SEBI (Prohibition of Insider Trading) Regulations, 2015, the “Trading Window” for dealing in the equity shares of the Company which was closed from 1% day of April, 2025 shall remain closed till the expiry of 48 hours after the declaration of Audited Financial Results of the Company for the Quarter and Financial Year ended March 31, 2025," The filing said further.

Hi-Tech Pipes Stock Performance

Friday, May 16, saw Hi-Tech Pipes' stock close flat on the BSE with a positive bias at Rs 93.99.

According to BSE data, Hi-Tech Pipes' stock has already experienced a correction of almost 40% in 2025. The shares of the steel company have decreased by 23% in just one year. Shares of Hi-Tech Pipes have returned 27% and 80% in the last two and three years, respectively.

The BSE website states that the Hi-Tech Pipes company has a market capitalisation of Rs 1909 crore as of May 16.

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