Indian Hume Pipe Share Price closes Over 4%

Indian Hume Pipe share price closed up by 4.31 per cent at Rs 363.00. The share price opened at Rs 343.20 from the previous closing of Rs 348.20.

Based on the strong fundamentals of the company and the potential growth opportunity of the share Indian Hume Pipe has been identified as one of the multibagger stocks by the research team of Dynamic Levels.

In the day’s trade, 28,346 shares of the company have been traded on NSE for a total value of Rs 100.54 lacs. The intraday high and the intraday low of Indian Hume Pipe share price for today were Rs 367.00 and Rs 334.30 respectively.

The Indian Hume Pipe was established in the year 1926 with the object of manufacturing, popularizing as well as marketing Hume Pipes along with allied products. Over a period of time Indian Hume Pipe has developed Prestressed Concrete Pipes (Non-Cylinder), Prestressed Concrete Cylinder Pipes, Bar Wrapped Steel Cylinder Pipes, Hume Steel Pipes, Welded Steel Penstocks, Prestressed Concrete Railway Sleepers as well as specialized in execution of Turnkey Water Supply and Sewerage Projects.

The Products of the Company Include

• Pre-stressed Concrete Pipe (PSC)
• Pre-stressed Concrete Cylinder Pipe (PCCP)
• Bar wrapped Steel Cylinder Pipe (BWSC)
• Steel Pipe (MS)
• Reinforced Cement Concrete Pipe (RCC)
• Penstock Pipe
• Pre-stressed Concrete Mono block Sleeper for Railways
• Air Rifles & Pistols

For the quarter ended 30^th September 2016, the company reported Net Sales/Income from operations of Rs 450.28 crores against Rs 447.07 crores for the quarter ended 30th June 2016, showing a marginal rise.

The PAT for the quarter was Rs 21.76 crores, whereas the EPS was Rs 8.98. At the CMP of 363.00, there is a major support at 302.30 and there is a major resistance at 365.50. Get the major support resistance levels at Indian Hume Pipe share price forecast.