Rajasthan Tube Manufacturing Co Sees Revision in Stock Evaluation Amid Strong Performance Metrics

Rajasthan Tube Manufacturing Co, a microcap player in the steel and sponge iron industry, has recently seen significant movement in its stock evaluation. The company’s stock price reached an all-time high of Rs. 95.79 on January 3, 2025, marking a notable milestone in its trading history.
In a recent adjustment in evaluation, MarketsMOJO has made changes to the stock's call, reflecting the company's impressive performance metrics. Over the past year, Rajasthan Tube Manufacturing Co has delivered a remarkable return of 143.74%, significantly outperforming the Sensex, which recorded a gain of only 11.22%.

The stock has demonstrated consistent strength, gaining for 20 consecutive days and achieving a remarkable 118.45% return during this period. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.

Furthermore, Rajasthan Tube Manufacturing Co has been added to MarketsMOJO's list, highlighting its growing prominence in the market. As the company continues to navigate the competitive landscape, its recent performance underscores its potential within the steel sector.