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Indian Hume Pipe (₹214.1): Buy - The Hindu BusinessLine


Yoganand D
BL Research Bureau |
Updated on
January 07, 2021
Investors with a short-term horizon can buy Indian Hume Pipe Co. Ltd. (IHP) at current levels. The stock has been on an intermediate-term uptrend since the stock took support at ₹101 in late March 2020. After a medium term corrective decline in the months of September and October the stock took base at ₹153 in early November. Subsequently, the stock changed direction triggered by positive divergence. The stock has been on a medium term uptrend since then. The short term trend is also up.
On Thursday, the stock surged almost 6 per cent accompanied by above average volume, breaking above a key long-term resistance at ₹200. The recent rally has strengthened both short as well as medium term uptrends. The daily relative strength index has entered the bullish zone from the neutral region and the weekly RSI has also entered the bullish zone backing the uptrend. Targets are ₹223 and ₹227. Traders w ....

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Concrete Pipe Market to See Huge Growth by 2025


 
Edison, NJ (SBWIRE) 12/16/2020 Global Concrete Pipe Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread) is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global Concrete Pipe Market. Some of the key players profiled in the study are CEMEX S.A.B de C.V., Forterra Inc., Thompson Pipe Group, OKA Corporation BHD, NOV Ameron Water Transmission Group, Old Castle Precast Inc., CPM Drainage Group, Saudi Arabian Amiantit, Xinjiang Guotong Pipeline Co. Ltd. & The Indian Hume Pipe Co. Ltd.. ....

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Indian Hume Pipe Co receives LOA for providing water supply schemes in UP


Indian Hume Pipe Co receives LOA for providing water supply schemes in UP
New Delhi, Dec 11:Concrete pipe manufacturer Indian Hume Pipe Co Ltd on Friday said it has received letter of acceptance from the Uttar Pradesh government for providing water supply schemes in 550 villages in the state at an approximate value of Rs 550 crore.
“The company has received letter of acceptance (LOA) from State Water and Sanitation Mission, Namami Gange and Rural Water Supply Department (SWSM), Lucknow, Government of Uttar Pradesh for providing water supply schemes in 550 villages of Kanpur Division in Uttar Pradesh at an approximate value of Rs 550 crore,” Indian Hume Pipe Co said in a regulatory filing. ....

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