Rajasthan Tube Manufacturing Achieves 52-Week High Amid Broader Market Decline

May 30 2025 10:37 AM IST
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Rajasthan Tube Manufacturing Co has achieved a new 52-week high of Rs. 42.15, reflecting a significant upward trend with a 49.73% return over the past 21 days. The stock has outperformed its sector and shows strong bullish momentum, contrasting with a broader market downturn.
Rajasthan Tube Manufacturing Co, a microcap player in the Iron & Steel Products industry, has made headlines today as its stock price reached a new 52-week high of Rs. 42.15. This milestone comes after a remarkable performance, with the stock outperforming its sector by 2.48%. Over the past 21 days, Rajasthan Tube has shown a significant upward trend, gaining 49.73% in returns.

The company’s stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish momentum. In contrast, the broader market is experiencing a downturn, with the Sensex opening lower at 81,438.95, down 167.33 points, and trading at a slight decline of 0.24%. Despite this, Rajasthan Tube's impressive one-year performance stands out, boasting a staggering 1400.00% increase compared to the Sensex's modest 10.24% rise.

With a 52-week low of Rs. 2.6, the stock's recent activity highlights its remarkable recovery and growth trajectory within a challenging market environment.
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