Hi-Tech Pipes Limited (NSE: HITECH), Incorporated in 1985 is amongst leading steel processing Companies in India providing world class innovative products for nearly three decades with presence in steel pipes, hollow section tubes, cold rolled coils & strips, road crash barriers, solar mounting structures and a variety of other galvanized products, has announced the Listing of Equity Shares of the Company on BSE Limited.
Having reference to the our earlier communication made on October 30,2021 for receiving of In-Principal approval from BSE Limited with respect to the Listing of Equity shares of the Company on BSE Exchange. In continuation to that, we wish to inform that BSE Limited vide its Notice No. 20211214-54 has given the Final Trading Approval for Listing and Trading of Equity Shares. With effective from Thursday, December 16, 2021, the equity shares of the Company had been listed and the Trading Members of the Exchange was permitted to do business in the equity shares of the Company. Now, the Equity shares of the Company are available for trade on the Both Exchanges i.e. on National Stock Exchange of India Limited and BSE Limited.
Commenting on the development, Mr. Ajay Kumar Bansal, Managing Director, Hi-Tech Pipes Ltd. said, "We feel so proud to mark our presence on the country's two premier Stock Exchanges i.e. on National Stock Exchange of India Limited and BSE Limited, This is a significant day for us and shall be another milestone in the History of our Company, it has opened the new options for investors to invest in the company by using multiple stock exchanges and it may also help to increase the stock liquidity in the market."
Shares of Hi-Tech Pipes Limited was last trading in BSE at Rs. 84.65 as compared to the previous close of Rs. 88.75. The total number of shares traded during the day was 156867 in over 1813 trades.
The stock hit an intraday high of Rs. 89.00 and intraday low of 84.15. The net turnover during the day was Rs. 13497370.00.