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Hi-Tech Gears hits new high; surges 26% in 2 days on healthy outlook

In the past six weeks, the stock of Hi-Tech Gears has soared 56 per cent; while, thus far in the financial year 2024, it has zoomed 159 per cent

Union Commerce Minister Piyush Goyal last week asked multinationals to reduce royalty payments to curb the forex outgo and promote domestic manufacturing and product development.
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Union Commerce Minister Piyush Goyal last week asked multinationals to reduce royalty payments to curb the forex outgo and promote domestic manufacturing and product development.

Deepak Korgaonkar Mumbai

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Shares of Hi-Tech Gears hit a new high of Rs 652.55, as they rallied 10 per cent on the BSE in Friday’s intra-day trade, surging 26 per cent in the past two days on healthy business outlook.

In the past six weeks, the stock of auto ancillary company has soared 56 per cent; while, thus far in the financial year 2024, it has zoomed 159 per cent.

Hi-Tech Gears recently gave a clarification on increase in volumes and said that the company is freely traded on the stock exchanges and is unable to comment on the volume/movement of share price

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First Published: Mar 22 2024 | 11:05 AM IST

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