Hariom Pipe Industries Shows Short-Term Gains Amid Long-Term Downward Trend

Jan 29 2025 09:50 AM IST
share
Share Via
Hariom Pipe Industries, a small-cap company in the steel sector, experienced a notable uptick today, reversing a four-day decline. Despite this short-term gain, the stock remains below key moving averages and has seen a decline over the past month, indicating ongoing longer-term challenges.
Hariom Pipe Industries, a small-cap player in the steel, sponge iron, and pig iron industry, has shown notable activity today, opening with a gain of 5.22%. This uptick marks a trend reversal after four consecutive days of decline. The stock reached an intraday high of Rs 484, outperforming its sector by 2.96% for the day.

Despite today's positive movement, Hariom Pipe Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Over the past month, the stock has experienced a decline of 6.34%, compared to a 3.24% drop in the Sensex.

In terms of daily performance, Hariom Pipe Industries has recorded a 3.82% increase, significantly outperforming the Sensex, which saw a modest rise of 0.33%. These metrics highlight the stock's current position within the market, reflecting both short-term gains and longer-term challenges.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News