Hi-tech Pipes shares rose after the company announced that it has launched its qualified institutional placement (QIP), setting a floor price of Rs 194.98 per share, as approved by its board and share
The rise in the stock price came after the company announced that its board has approved raising of funds up to Rs 600 crore via QIP or other modes.
The uptick in the stock price came after the company released its sales volume update for the June quarter of financial year 2025 (Q1FY25).