Rajasthan Tube Manufacturing Co Achieves 52-Week High Amidst Sector Decline

Apr 07 2025 10:39 AM IST
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Rajasthan Tube Manufacturing Co has achieved a new 52-week high of Rs. 242.6, reflecting strong market performance in the Steel/Sponge Iron/Pig Iron sector. The stock has gained 15.11% over the past eight days and has significantly outperformed its sector, which has faced declines.
Rajasthan Tube Manufacturing Co has made headlines today as its stock price reached a new 52-week high of Rs. 242.6, marking a significant milestone for the microcap company in the Steel/Sponge Iron/Pig Iron industry. This surge comes after a remarkable performance over the past eight days, during which the stock has gained 15.11%. Notably, it has outperformed its sector by 9.41%, showcasing its strong market position amidst broader industry challenges.

The stock opened at Rs. 242.6 and has maintained this price throughout the trading session, indicating robust demand. Rajasthan Tube Manufacturing Co is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its short- to long-term performance.

In contrast, the overall Steel/Sponge Iron/Pig Iron sector has seen a decline of 8.41%, highlighting the unique strength of Rajasthan Tube Manufacturing Co in a challenging market environment. Over the past year, the company has delivered an impressive return of 581.46%, significantly outpacing the Sensex, which has experienced a decline of 2.42%.
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