Hitech Corporation Ltd

NSE
HITECHCORP •
BUY

1W Return

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1M Return

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6M Return

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Start SIP in Hitech Corporation Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
27.61% Fall from 52W High
-18.3
TTM PE Ratio
Below industry Median
15.9
Price to Book Ratio
Above industry Median
1.6
Dividend yield 1yr %
Below industry Median
0.4
TTM PEG Ratio
PEG TTM is negative
-1.2
RSI
RSI is mid-range
35.6
MFI
MFI is mid-range
48

Hitech Corporation Ltd Key Financials

*All values are in ₹ Cr.

Hitech Corporation Ltd shareholding Pattern

Promoter
74.4%
Domestic Institutions
0.1%
Public
25.5%

Hitech Corporation Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
0
Bearish Moving Averages
16
5Day EMA
227.60
10Day EMA
230.20
12Day EMA
231.20
20Day EMA
234.80
26Day EMA
237.40
50Day EMA
244.60
100Day EMA
247.90
200Day EMA
242.70
Delivery & Volume
Resistance & Support
223.70
Pivot
Resistance
First Resistance
226.30
Second Resistance
228.90
Third Resistance
231.50
Support
First Support
221.10
Second support
218.50
Third Support
215.90
Relative Strength Index
35.64
Money Flow Index
47.97
MACD
-6.19
MACD Signal
-6.11
Average True Range
11.14
Average Directional Index
11.26
Rate of Change (21)
-9.25
Rate of Change (125)
-5.99

Hitech Corporation Ltd Company background

Founded in: 1991
Managing director: Malav A Dani
Hitech Corporation Ltd (Formerly known as HiTech Plast Limited), incorporated in October, 1991, is a leading manufacturer of rigid plastic packaging solutions for a variety of customer segments from industries such as paints and coatings, agrochemicals, personal care, home care, pharmaceuticals, food beverage and oils lubricants. Presently, the Company is engaged in the manufacturing of rigid plastic containers specially catering to customers relating to Paints, Lube agro chemical, FMCG, personal and health care and home care product as well as export market. As at March 31, 2023, Geetanjali Trading Investments Private Limited, the holding company owned 69.11% of the Companys equity share capital.The new manufacturing unit at Masat, Silvassa, Dadra Nagar Havelli commenced its commercial production in April 2003. Plastic Precision Machinefabrik Limited (PPMF) was amalgamated with the Company effective from 1st April 2003, through the Scheme of Amalgamation. Similarly, the Companys wholly owned subsidiary Multitech Plast Containers Limited was amalgamated with the Company, with effect from 1st April 2005. During year 200405, the Company purchased the remaining equity shares of Multitech Plast Containers Limited and Clear Plastics Limited, thereby making them the wholly owned subsidiaries of the Company. The new manufacturing unit in Rohtak, Haryana commenced its commercial production in April 2010. After commissioning of manufacturing unit in Rohtak, the Company expanded installed capacities in the year 201112. All these expansions started commercial production costing Rs 14 Crores. Further, it started commercial production at new Khandala Unit in Satara District of Maharashtra on 30th March, 2013.During the year 201415, through the Scheme of Amalgamation, Clear Mipak Packaging Solutions Limited (CMPSL), a subsidiary of the Company was merged into the Company, which came into effect from 1st April, 2014 and accordingly, CMPSL ceased to be the subsidiary of the Company. The Rebuilding of factory operation at Rohtak resumed in March, 2017. The Company set up a a facility for manufacturing rigid plastic containers at Mysuru, Karnataka and commenced commercial production at the said plant from end ofSeptember, 2018. Similarly, during the year 201819, it commenced construction work at Vizag for manufacturing rigid plasticcontainers and commenced commercial production in the month of August, 2019.As a part of its consolidation initiative, the manufacturing facility of the Company situated at Galonda (Dadra Nagar Haveli) was shifted and merged with the unit situated at Naroli (Dadra Nagar Haveli) by transfer of Plant and Machinery and other accessories with effect from October 1, 2018. Similarly, Technology Centre at Chinchwad, Pune was shifted to a separate unit situated within the plant premises at Sanaswadi. The manufacturing operations of the Companys unit situated at Baddi, Himachal Pradesh resumed operations to normalcy in the month of October, 2019.
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Hitech Corporation Ltd FAQs

Hitech Corporation Ltd shares are currently priced at 223.7 on NSE and 224 on BSE as of 2/28/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Hitech Corporation Ltd [HITECHCORP] share was 14.6. The Hitech Corporation Ltd [HITECHCORP] share hit a 1-year low of Rs. 151.35 and a 1-year high of Rs. 309.

The market cap of Hitech Corporation Ltd is Rs. 384.22 Cr. as of 2/28/2024 12:00:00 AM.

The PE ratios of Hitech Corporation Ltd is 18.17 as of 2/28/2024 12:00:00 AM.

The PB ratios of Hitech Corporation Ltd is 1.51 as of 2/28/2024 12:00:00 AM

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