Rajasthan Tube Manufacturing Co Achieves Record Stock Price Amid Strong Industry Growth

Jan 11 2025 09:20 AM IST
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Rajasthan Tube Manufacturing Co has achieved a record stock price of Rs. 100.98, reflecting significant growth in the steel and iron industry. Over the past year, the stock has surged by 188.68%, outperforming the Sensex. It has shown consistent upward momentum, trading above key moving averages.
Rajasthan Tube Manufacturing Co has reached an all-time high stock price of Rs. 100.98, marking a significant milestone for the company in the steel, sponge iron, and pig iron industry. Over the past year, the stock has demonstrated impressive growth, surging by 188.68%, which notably outpaces the Sensex's gain of 7.98% during the same timeframe.

On the day of this record high, the stock opened with a 2% gain and peaked at Rs. 100.98, with a low of Rs. 97.02, indicating a fluctuation of 2% throughout the trading session. The stock has shown consistent upward momentum, accumulating returns of 5.46% over the last three days. Furthermore, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a robust upward trend in its performance metrics.
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