Stock market update: Shares of steel pipes maker Hi-Tech Pipes are in focus today. The multibagger stock opened flat at Rs 108.45 against the previous close of Rs 108.95 on the BSE. But the counter gained to touch the high of 110.60 - a gain of 1.51 per cent for the closing price of last trading session. However the counter plunged amid selling pressure to touch intraday low of Rs 105.50. Last seen it was trading at Rs 105.85. The counter has given a multibagger return of 104 per cent in three years. However the stock has corrected over 30 per cent so far this year. The action in the stock comes as the companys trustee Manoj Kumar Gupta has bought 90000 shares of the company in free market purchases. This is the third purchase so far this month. The first round of share purchases was done on March 6 when 10000 shares were purchased. Following this on February 11 an additional 10000 shares were purchased. This activity resulted in an increase in Kumars holding from 0.10 in February to 0.15 per cent or 307500 shares. Earlier Steel pipes maker Hi-Tech Pipes has raised over Rs 500 crore through Qualified Institutional Placement (QIP) route. The QIP opened on October 7 post market hours and closed on October 11 the company said in an exchange filing. The QIP was oversubscribed by marquee institutional investors and received bids of over Rs 800 crore. Meanwhile Benchmark indices Sensex and Nifty continued their winning run on Tuesday (March 25 2025) early trade as investors sentiment remained firm amid foreign fund inflows and a sharp rally in the US markets. The 30-share BSE benchmark Sensex jumped 418.54 points to 78402.92 in early trade. The NSE Nifty climbed 107.85 points to 23766.20.