Rajasthan Tube Manufacturing Co Achieves Record Stock Price Amid Strong Performance

Dec 29 2024 09:20 AM IST
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Rajasthan Tube Manufacturing Co has recently seen a revision in its score, reflecting its impressive performance in the steel sector. The stock reached an all-time high, showcasing strong gains over the past weeks and consistently trading above key moving averages. Additionally, it has been added to MarketsMojo's list, highlighting its robust market position.
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. 79.57 on December 29, 2024. This remarkable performance comes as the stock has consistently outperformed its sector, gaining 5.29% today alone.

Over the past 15 days, Rajasthan Tube Manufacturing has demonstrated impressive momentum, with a staggering 81.46% increase in returns. The stock opened today with a notable gain of 4.99%, reflecting strong market activity. Throughout the trading session, it reached an intraday high of Rs. 79.57, while the day's low was recorded at Rs. 72.01.

In terms of technical indicators, Rajasthan Tube Manufacturing is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend. Over the past year, the company's stock has surged by 70.75%, significantly outpacing the Sensex, which has seen a growth of just 9.25%. This performance underscores the company's strong position within the industry.
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