Home>
Stocks>
Hitech Corporation Ltd

Hitech Corporation Ltd (HITECHCORP)

₹234.1▲0.36%

Get free price alerts. Set up your Free investment account to get Live Prices. >

Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

Hitech Corporation Ltd share Performance

₹233.9
₹238.5
₹234.1
0.09%
Low
Day's Volatility:1.96%
High
1.88%
₹176
₹309
₹234.1
24.82%
Low
52 Weeks Volatility:56.81%
High
31.99%

Returns %
1 Month Return	9.55 %
3 Month Return	-0.45 %
1 Year Return	26.13 %

Market Stats
Previous Close	₹234.95
Open	₹235.00
Volume	8,308.00
Upper Circuit	-
Lower Circuit	-
Market Cap	₹402.08Cr

Company Information

HiTech Plast Containers India Ltd is set to undergo a major corporate restructuring, involving the amalgamation of Plastic Precision Machinefabrik Pvt Ltd with itself. Through this merger, HiTech Plast will be able to quickly and cost-effectively integrate Plastic Precision Machinefabrik's sophisticated range of packaging products into its existing range. In addition, by having all processes under one roof, HiTech Plast can become more efficient in terms of materials, labour and operational costs, making it a more competitive and profitable business. This merger will result in greater synergy between both companies, leading to more innovation and stronger market positioning for HiTech Plast. Furthermore, this move will help HiTech Plast reach more customers worldwide, enabling them to become a truly global enterprise. The amalgamation is expected to be completed in 2021, with HiTech Plast welcoming Plastic Precision Machinefabrik’s existing employees and new resources to its fold as part of the integration.

Share Price: ₹234.10 per share as on 30 Apr, 2024 04:01 PM
Market Capitalisation: ₹402.08Cr as of today
Revenue: ₹107.30Cr as on September 2015 (Q3 15)
Net Profit: ₹5.23Cr as on September 2015 (Q3 15)
Listing date: 20 Dec, 2007
Chairperson Name: Jayendra Ratilal Shah

Organisation	Hitech Corporation Ltd
Headquarters	Mumbai
Industry	Packaging
E-voting on shares	Click here to vote

Key events for Hitech Corporation Ltd

Hitech Corporation Ltd's Low P/E Ratio Raises Questions - 23 Apr, 2024
Hitech Corporation Limited's low P/E ratio of 16.3x may indicate bearish sentiment, but its recent medium-term earnings growth trajectory is more attractive than the market's one-year forecast for expansion of 24%. However, Hitech's deteriorating earnings over the last year could be a reason for the low P/E ratio.

Fundamentals of Hitech Corporation Ltd

Insights on Hitech Corporation Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 0.00% to 0.10% in Mar 2024 quarter
NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 74.43% of holdings in Mar 2024 quarter
NO EFFECT
Against Peers
In the last 3 years, AGI Greenpac Ltd has given 433.0% return, outperforming this stock by 370.8%
NO EFFECT
Against Peers
In the last 1 year, Time Technoplast Ltd has given 226.1% return, outperforming this stock by 200.0%
NEGATIVE IMPACT
Retail Holding Down
Retail Investor have decreased holdings from 25.51% to 25.40% in Mar 2024 quarter
NEGATIVE IMPACT
Price Dip
In the last 6 months, HITECHCORP stock has moved down by -7.0%