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The Hi-Tech Gears Ltd Share Price (HITECHGEAR)

₹488.54.02%

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Overview
Fundamentals
Q2 '23 Results
Technicals
News and Events

Overview of The Hi-Tech Gears Ltd

Key events for The Hi-Tech Gears Ltd

  • Hindustan Composites Fined for Non-Compliance - 22 Nov, 2023

    Hindustan Composites Ltd. was fined Rs 1.62 lakh by the National Stock Exchange and Bombay Stock Exchange for alleged non-compliance with certain listing regulations.

  • Hi-Tech Gears Shares Surge by 20% - 16 Nov, 2023

    The Hi-Tech Gears Ltd's shares surged by 20% to touch ₹496.55 apiece, gaining 90% in the current year and delivering a multi-bagger return of 242% over three years. Despite a decline in Q2FY24 revenue, profitability improved significantly due to internal efficiency enhancements and increased other income.

The Hi-Tech Gears Ltd share Performance

  • ₹469.9
    ₹492
    ₹488.5
    downward going graph

    3.81%

    Downside

    Day's Volatility:4.52%

    Upside

    0.72%

    downward going graph
  • ₹215.35
    ₹518.8
    ₹488.5
    downward going graph

    55.92%

    Downside

    52 Weeks Volatility:62.12%

    Upside

    6.20%

    downward going graph
1 Month Return19.69 %
3 Month Return15.92 %
1 Year Return63.2 %
Previous Close₹469.60
Open₹475.00
Volume81.90K
Market Cap₹881.44Cr

The Hi-Tech Gears Ltd Company Information

HiTech Gears (HTGL) was incorporated in 1986 and is based in Bhiwadi, Rajasthan. The company specialises in manufacturing automotive gears and shafts, primarily for Hero Honda Motors (HHML). The company has developed an array of additional equipment to serve the requirements of HHML and other clientele, such as Maruti Udyog, Shriram Honda Power Equipment and Escorts. It has been granted QS9000 accreditation by Underwriters Laboratories and is in possession of an ISO 9000 Certificate to stay compliant with innovative quality standards that are becoming standardised all over the world. Additionally, HTGL has tied up with Kyushu Musashi, a subsidiary of the Honda Motors in Japan, to manufacture forgings that are used as raw material for transmission gears and shafts. This specialised technology is the first of its kind to be transferred outside of the Honda Group. The company is looking to expand its reach by introducing eengineering services, as a separate entity, to offer product and process life cycle management, training and consulting services. It is also working hard to scale its business in the export market, with suppliers spread across Cummins Worldwide, Germany and the UK. Nevertheless, the company expects to experience a positive progression within the domestic sector, particularly with HHML, its largest client.

Share Price: ₹488.50 per share as on 04 Dec, 2023 04:01 PM
Market Capitalisation: ₹881.44Cr as of today
Revenue: ₹362.09Cr as on September 2023 (Q3 23)
Net Profit: ₹72.22Cr as on September 2023 (Q3 23)
Listing date: 24 Feb, 1997
Chairperson Name: Anant J Talaulicar
OrganisationThe Hi-Tech Gears Ltd
HeadquartersGurgaon
IndustryAuto Ancillaries
E-voting on sharesClick here to vote

Fundamentals of The Hi-Tech Gears Ltd

Insights on The Hi-Tech Gears Ltd

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

  • imgPOSITIVE IMPACT

    Best in 1 Year

    img

    In the last 1 year, HITECHGEAR has outperformed top 5 stocks with highest market-cap in Auto, Truck & Motorcycle Parts

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 266.59 Cr → 362.09 Cr (in ₹), with an average increase of 26.4% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.00% to 0.02% in Sep 2023 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 9.3 Cr → 72.22 Cr (in ₹), with an average increase of 87.1% per quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 56.26% of holdings in Sep 2023 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Tube Investments of India Ltd has given 291.9% return, outperforming this stock by 96.9%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, HITECHGEAR stock has moved down by -3.0%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 43.72% to 43.70% in Sep 2023 quarter

The Hi-Tech Gears Ltd Valuation

The Hi-Tech Gears Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-436.86x)

April 4, 2022

Today (8.75x)

December 1, 2023

Industry (48.38x)

December 1, 2023

Highest (259.23x)

December 5, 2022

LowHigh

The Hi-Tech Gears Ltd Shareholding Pattern

InvestorsHoldings %Prev. 3 periods3M change
Promoter Holdings
56.26%
0.00
Foreign Institutions
0.02%
0.00
Mutual Funds
0%
0.00
Retail Investors
43.7%
-0.05
Others
0.02%
-0.51

Technicals of The Hi-Tech Gears Ltd share

News & Events of The Hi-Tech Gears Ltd

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The Hi-Tech Gears Ltd (HITECHGEAR) share price today is ₹488.5

The Hi-Tech Gears Ltd is listed on NSE

The Hi-Tech Gears Ltd is listed on BSE

  • Today’s highest price of The Hi-Tech Gears Ltd is ₹492.
  • Today’s lowest price of The Hi-Tech Gears Ltd is ₹469.9.

PE Ratio of The Hi-Tech Gears Ltd is 8.75

PE ratio = The Hi-Tech Gears Ltd Market price per share / The Hi-Tech Gears Ltd Earnings per share

Today’s traded volume of The Hi-Tech Gears Ltd(HITECHGEAR) is 81.90K.

Today’s market capitalisation of The Hi-Tech Gears Ltd(HITECHGEAR) is ₹881.44Cr.

The Hi-Tech Gears Ltd(HITECHGEARPrice
52 Week High
₹518.8
52 Week Low
₹215.35

The Hi-Tech Gears Ltd(HITECHGEAR) share price is ₹488.5. It is down -5.84% from its 52 Week High price of ₹518.8

The Hi-Tech Gears Ltd(HITECHGEAR) share price is ₹488.5. It is up 126.84% from its 52 Week Low price of ₹215.35

The Hi-Tech Gears Ltd(HITECHGEARReturns
1 Day Returns
18.9%
1 Month Returns
19.69%
3 Month Returns
15.92%
1 Year Returns
63.2%