Hitech Corporation
132.89
+1.22(+0.93%)
Market Cap₹228.25 Cr
PE Ratio31.12
Company Performance:
1D+0.93%
1M-13.94%
6M-34.87%
1Y-19.07%
5Y+0.83%
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More news about Hitech Corporation
13Mar 25
Hitech Corporation to Shutter PPMF Unit in Gujarat Amid Market Challenges
Hitech Corporation Limited announced the closure of its Plastic Processing Machinery and Fabrication (PPMF) business unit in Gujarat, citing unfavorable market conditions and operational losses. The closure, expected to be completed by May 2025, will affect a unit that contributed 1.22% to the company's total turnover in FY 2023-24. The decision is not expected to materially impact overall operations, as the unit's closure will have a -0.23% effect on profit and net worth.
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25Feb 25
Hitech Corporation Expands Portfolio with ₹30 Crore Acquisition of Thriarr Polymers
Hitech Corporation has entered into a Share Purchase Agreement to acquire a 100% stake in Thriarr Polymers Private Limited for up to ₹30 crore. Thriarr Polymers, a manufacturer of electrical, automobile, and industrial components, has a strong export presence in markets including the USA, UAE, and Ireland. The acquisition is expected to be completed within 30 days and will be paid for in cash. This strategic move aims to expand Hitech's product offerings, enhance its market reach, and strengthen its international presence. Thriarr Polymers will become a wholly-owned subsidiary of Hitech Corporation post-acquisition.
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24Feb 25
Hitech Corporation Inks Deal to Acquire Thriarr Polymers for Up to ₹300 Crore
Hitech Corporation Limited has agreed to acquire a 100% stake in Thriarr Polymers Private Limited for up to ₹300 crore. The acquisition, expected to complete within 30 days, will expand Hitech's product portfolio in electrical, automobile, and industrial components. Thriarr Polymers, with two manufacturing facilities in Ahmednagar, has shown consistent growth and exports to the USA, UAE, and Ireland. This strategic move aims to enhance Hitech's market reach and international presence.
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Hitech Corporation
132.89
+1.22
(+0.93%)
1 Year Returns:-19.07%
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