Stocks to Watch, 22 September: Stocks like PNC Infratech, Lupin, TechD Cybersecurity, Netweb Technologies, Garden Reach Shipbuilders, Redington, Power Grid Corporation of India, and Amber Enterprises India will be in focus on September 22.
Hariom Pipe Industries is in a classical uptrend and forming higher highs and higher lows on the daily chart. The structure of the counter is lucrative, as it is trading above each of its significant moving averages. It also witnessed breakout of a channel formation on the longer timeframe.
Arihant Capital is bullish on Hariom Pipe Industries has recommended buy rating on the stock with a target price of Rs 403 in its research report dated August 12, 2022.
Arihant Capital is bullish on Hariom Pipe Industries has recommended buy rating on the stock with a target price of Rs 403 in its research report dated May 11, 2022.
The stock made its debut at Rs 214, registering a jump of 39.86 percent against the issue price on the BSE. It later zoomed 46.86 percent to settle at Rs 224.70.
Hariom Pipe opened at Rs 214 on the BSE, a 40 percent gain over the issue price of Rs 153. It climbed to Rs 224.7, 5 percent higher than the opening price
The maiden public issue fetched Hariom Pipe Rs 130 crore which will be utilised for capital expenditure and working capital requirements. The price band was Rs 144-153 per share.
Hariom Pipe Industries | The stock is showing a grey market premium of 16 percent with an estimated listing price of Rs 178 as against the IPO price of 153 a share, analysts said
The grey market is an unofficial platform for trading in IPO shares, where trading takes place with the IPO price band announcement till the listing on the bourses.
Hariom Pipe Industries IPO | The company will complete the process of crediting refunds to bank accounts of unsuccessful investors by April 11, while shares will be transferred to successful investors by next day
Hariom Pipe Industries, an integrated manufacturer of mild steel (MS) pipes, scaffolding, HR strips, MS billets, and sponge iron, intends to mop up Rs 130 crore through its public issue, at upper price band.