Hariom Pipe Industries Ltd. (NSE: HARIOMPIPE) is currently trading at INR 399.65, reflecting a 2.70% gain. The company specializes in manufacturing MS pipes, scaffolding structures, and steel tubes, catering to industries such as construction, infrastructure, and engineering.
Key Levels
Support Levels: INR 323.10, INR 399.65
Swing Level: INR 414.68
Possible Upside Levels: INR 537.50, INR 765.10, INR 886.00, INR 1,040.00
Technical Indicators
RSI: The Relative Strength Index (RSI) is at 45.35, indicating neutral momentum, meaning the stock is in a consolidation phase before a potential trend shift.
Volume: Trading volume is moderate, suggesting consistent investor participation. A volume surge near key levels could validate a breakout.
Sector and Market Context
Hariom Pipe Industries Ltd. operates in the steel and infrastructure materials sector, which has seen steady demand growth, supported by government-led infrastructure projects and private construction expansion. The industry benefits from rising urbanization, industrial investments, and the need for durable piping solutions. However, factors such as raw material price volatility, global steel pricing trends, and competition from larger industrial players could influence the company’s long-term growth prospects.
Latest News and Developments
Market Trends: Positive sentiment toward steel manufacturers, driven by increased public and private sector construction spending.
Analyst Ratings: Some analysts maintain a stable outlook, citing consistent order inflows and operational efficiency.
Quarterly Results: Recent earnings reports highlight steady revenue growth, backed by higher demand for MS pipes and steel fabrication materials.
Dividend Update: Hariom Pipe Industries Ltd. has declared a dividend payout of ₹4 per share, reinforcing its commitment to shareholder returns.
Analysis Summary
Hariom Pipe Industries Ltd. exhibits neutral technical signals, with RSI and price action suggesting potential accumulation before a breakout. The stock benefits from sector tailwinds, driven by strong infrastructure investments and steady demand for industrial piping solutions, though market risks such as raw material costs and pricing competition should be monitored. Investors should track price movements near resistance levels, volume trends, and broader industry updates before making strategic decisions.
Key Levels
Support Levels: INR 323.10, INR 399.65
Swing Level: INR 414.68
Possible Upside Levels: INR 537.50, INR 765.10, INR 886.00, INR 1,040.00
Technical Indicators
RSI: The Relative Strength Index (RSI) is at 45.35, indicating neutral momentum, meaning the stock is in a consolidation phase before a potential trend shift.
Volume: Trading volume is moderate, suggesting consistent investor participation. A volume surge near key levels could validate a breakout.
Sector and Market Context
Hariom Pipe Industries Ltd. operates in the steel and infrastructure materials sector, which has seen steady demand growth, supported by government-led infrastructure projects and private construction expansion. The industry benefits from rising urbanization, industrial investments, and the need for durable piping solutions. However, factors such as raw material price volatility, global steel pricing trends, and competition from larger industrial players could influence the company’s long-term growth prospects.
Latest News and Developments
Market Trends: Positive sentiment toward steel manufacturers, driven by increased public and private sector construction spending.
Analyst Ratings: Some analysts maintain a stable outlook, citing consistent order inflows and operational efficiency.
Quarterly Results: Recent earnings reports highlight steady revenue growth, backed by higher demand for MS pipes and steel fabrication materials.
Dividend Update: Hariom Pipe Industries Ltd. has declared a dividend payout of ₹4 per share, reinforcing its commitment to shareholder returns.
Analysis Summary
Hariom Pipe Industries Ltd. exhibits neutral technical signals, with RSI and price action suggesting potential accumulation before a breakout. The stock benefits from sector tailwinds, driven by strong infrastructure investments and steady demand for industrial piping solutions, though market risks such as raw material costs and pricing competition should be monitored. Investors should track price movements near resistance levels, volume trends, and broader industry updates before making strategic decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.