Rajasthan Tube Manufacturing Co Achieves 52-Week High Amid Market Volatility

Apr 08 2025 10:35 AM IST
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Rajasthan Tube Manufacturing Co has achieved a new 52-week high of Rs. 248.6, following a nine-day gain streak. The company has outperformed its sector and is trading above key moving averages, showcasing strong market performance despite a general decline in the Sensex. Its one-year growth stands at 590.94%.
Rajasthan Tube Manufacturing Co has made headlines today as its stock price reached a new 52-week high of Rs. 248.6, marking a significant milestone for the microcap company in the steel, sponge iron, and pig iron industry. This surge comes after a remarkable nine-day streak of gains, during which the stock has appreciated by 17.96%.

In terms of performance, Rajasthan Tube Manufacturing Co has outperformed its sector by 0.91%, showcasing its strong market position. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend in its price action.

Despite the overall market sentiment, with the Sensex experiencing a decline of 0.93% after an initial gap-up opening, Rajasthan Tube Manufacturing Co has managed to stand out. The Sensex is currently trading 4.86% away from its 52-week low, while Rajasthan Tube has demonstrated an impressive one-year performance of 590.94%, contrasting sharply with the Sensex's decline of 1.25%. The stock's 52-week low was recorded at Rs. 26, highlighting its substantial growth over the past year.
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