Rajasthan Tube Manufacturing Co Achieves All-Time High Amid Strong Performance Metrics

Rajasthan Tube Manufacturing Co, a microcap player in the iron and steel products industry, has reached a significant milestone today, hitting an all-time high of Rs. 42.95. This achievement comes as the stock has demonstrated impressive performance metrics, outperforming its sector by 2.69% on the day.
The company has shown remarkable consistency, with a consecutive gain streak extending to 21 days, resulting in a substantial 49.65% return over this period. In terms of moving averages, Rajasthan Tube Manufacturing Co is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trend.

Analyzing its performance across various time frames, the stock has delivered a 1-day increase of 1.90%, while the Sensex has declined by 0.66%. Over the past week, it has risen by 9.99%, compared to a 1.54% drop in the Sensex. The company’s performance over the last month stands at an impressive 49.65%, and it has achieved a staggering 1417.13% increase over the past year, significantly outpacing the Sensex's 9.40% growth.