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Hitech Corporation Ltd (HITECHCORP)

₹228.752.05%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Hitech Corporation Ltd share Performance

  • ₹224.85
    ₹236.95
    ₹228.75
    downward going graph

    1.70%

    Low

    Day's Volatility:5.29%

    High

    3.58%

    downward going graph
  • ₹190.35
    ₹309
    ₹228.75
    downward going graph

    16.79%

    Low

    52 Weeks Volatility:51.87%

    High

    35.08%

    downward going graph
1 Month Return-4.01 %
3 Month Return-1.17 %
1 Year Return+ 18.74 %
Previous Close₹224.15
Open₹226.40
Volume14.10K
Upper Circuit-
Lower Circuit-
Market Cap₹384.99Cr

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: ₹228.75 per share as on 24 May, 2024 04:01 PM
Market Capitalisation: ₹384.99Cr 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
OrganisationHitech Corporation Ltd
HeadquartersMumbai
IndustryPackaging
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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.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.00% to 0.10% in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Time Technoplast Ltd has given 235.0% return, outperforming this stock by 211.3%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 74.43% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Time Technoplast Ltd has given 216.2% return, outperforming this stock by 197.4%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 6 months, HITECHCORP stock has moved down by -16.7%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 25.51% to 25.40% in Mar 2024 quarter

Hitech Corporation Ltd Valuation

Hitech Corporation Ltd in the last 5 years

  • Overview

  • Trends

Lowest (6.08x)

March 25, 2020

Industry (25.03x)

May 24, 2024

Today (32.31x)

May 24, 2024

Highest (45.27x)

January 6, 2022

LowHigh

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
74.43%
0.00
Foreign Institutions
0.1%
0.00
Mutual Funds
0%
0.00
Retail Investors
25.4%
0.00
Others
0.06%
0.00

Technicals of Hitech Corporation Ltd share

News & Events of Hitech Corporation Ltd

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Hitech Corporation Ltd (HITECHCORP) share price today is ₹228.75

Hitech Corporation Ltd is listed on NSE

Hitech Corporation Ltd is listed on BSE

  • Today’s highest price of Hitech Corporation Ltd is ₹236.95.
  • Today’s lowest price of Hitech Corporation Ltd is ₹224.85.

PE Ratio of Hitech Corporation Ltd is 32.31

PE ratio = Hitech Corporation Ltd Market price per share / Hitech Corporation Ltd Earnings per share

Today’s traded volume of Hitech Corporation Ltd(HITECHCORP) is 14.10K.

Today’s market capitalisation of Hitech Corporation Ltd(HITECHCORP) is ₹384.99Cr.

Hitech Corporation Ltd(HITECHCORPPrice
52 Week High
₹309
52 Week Low
₹190.35

Hitech Corporation Ltd(HITECHCORP) share price is ₹228.75. It is down -25.97% from its 52 Week High price of ₹309

Hitech Corporation Ltd(HITECHCORP) share price is ₹228.75. It is up 20.17% from its 52 Week Low price of ₹190.35

Hitech Corporation Ltd(HITECHCORPReturns
1 Day Returns
4.6%
1 Month Returns
-4.01%
3 Month Returns
-1.17%
1 Year Returns
18.74%