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

Dec 26 2024 09:20 AM IST
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Rajasthan Tube Manufacturing Co has recently seen a revision in its score, reflecting its strong performance in the steel sector. The stock has achieved an all-time high and has been added to MarketsMojo's list, showcasing its impressive returns and consistent outperformance against both its sector and the broader market.
Rajasthan Tube Manufacturing Co, a microcap player in the steel, sponge iron, and pig iron industry, has recently achieved a significant milestone by reaching an all-time high of Rs. 75.68 on December 26, 2024. This remarkable performance comes as the stock has consistently outperformed its sector, showing a gain of 4.83% on the day of the record price.

Over the past 14 days, Rajasthan Tube Manufacturing Co has demonstrated impressive momentum, with a staggering 72.59% increase in returns. The stock opened with a notable gain of 4.83% and maintained its trading price throughout the day, reflecting strong market interest.

In terms of moving averages, the company is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a robust upward trend. Over the past year, Rajasthan Tube Manufacturing Co has delivered a remarkable performance of 70.74%, significantly outpacing the Sensex, which recorded a growth of 10.42%. This performance highlights the company's strong position within its industry.
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