{"id":79952,"date":"2022-12-28T13:30:00","date_gmt":"2022-12-28T08:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=79952"},"modified":"2022-12-28T13:15:09","modified_gmt":"2022-12-28T07:45:09","slug":"multibagger-stock-jumps-17-to-reach-its-new-high-delivered-157-return-in-8-months","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-jumps-17-to-reach-its-new-high-delivered-157-return-in-8-months\/","title":{"rendered":"Multibagger stock jumps 17% to reach its new high; delivered 157% return in 8 months"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2966776754\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of <a href=\"https:\/\/portal.tradebrains.in\/stock\/HARIOMPIPE\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Hariom Pipe Industries<\/strong><\/a> gained 17.67% to reach a fresh 52-week high (record high) of \u20b9 403.55 apiece on the National Stock Exchange (NSE). Its shares were trading at 392.45 apiece at 12:24 PM on Wednesday.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1434091753\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company in a stock exchange filing said that it had entered into an asset transfer agreement with R.P.Metal Sections Private Limited on 26th December, 2022 to purchase its operating asset which manufactures galvanised pipe and cold roll coil, for a consideration of \u20b9 55 crores in cash.&nbsp;<\/p><p>This unit is spread across 13.83 acres of land and is located at SIPCOT Industrial growth centre, Perundurai, Tamil Nadu. Hariom Pipes said that it is in the process of expanding its product range to add more value-added products, and the acquisition of these operating assets will help it achieve the same.&nbsp;<\/p><p>R.P.Metal Sections Private Limited will have to take approval from SIPCOT (State Industries Promotion Corporation of Tamil Nadu) to transfer the lease agreement in the name of Hariom Pipe Industries and all other transfer of licences.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2416122891\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Hariom Pipe Industries Limited is an integrated steel manufacturer with a stronghold in the South Indian market. Its product portfolio includes mild steel (MS) billets, pipes and tubes, hot rolled (HR) coils, and scaffolding systems. The company already has two manufacturing facilities located in Telangana and Andhra Pradesh.&nbsp;<\/p><p>It is a small-cap company with a market capitalization of \u20b9 874 crores. It has an excellent return on equity of 37.20% and an ideal debt-to-equity ratio of 0.34. However, its shares are trading at a price-to-equity ratio of 20.37, which is much higher than the industry average of 10.54, indicating that it might be overvalued as compared to its peers.&nbsp;<\/p><p>Hariom Pipe Industries got listed on April 13, 2022. Its shares were issued at an upper price band of \u20b9 153, and the current share price of \u20b9 392.45 indicates that the shares have given multibagger returns of 156.50%. Therefore if an investor would have invested \u20b9 1 lakh in the company\u2019s shares during the IPO, the value of their holdings would have been \u20b9 2.56 lakh today!&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1449767130\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Hariom Pipe Industries gained 17.67% to reach a fresh 52-week high (record high) of \u20b9 403.55 apiece on the National Stock Exchange (NSE). Its shares were trading at 392.45 apiece at 12:24 PM on Wednesday.\u00a0 The company in a stock exchange filing said that it had entered into an asset transfer agreement [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":35983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2660,3913,2838,3771,2843,2659,948,936,2597,2599],"class_list":["post-79952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-multibagger-stock","tag-multibagger-stock-to-buy","tag-multibagger-stocks","tag-multibagger-stocks-2022","tag-multibagger-stocks-india","tag-multibaggers","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch","tag-stocks-to-watch-in-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock jumps 17% to reach its new high; delivered 157% return in 8 months - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/multibagger-stock-jumps-17-to-reach-its-new-high-delivered-157-return-in-8-months\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger stock jumps 17% to reach its new high; delivered 157% return in 8 months\" \/>\n<meta property=\"og:description\" content=\"The shares of Hariom Pipe Industries gained 17.67% to reach a fresh 52-week high (record high) of \u20b9 403.55 apiece on the National Stock Exchange (NSE). 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