Rajasthan Tube Manufacturing Co Achieves 52-Week High Amid Strong Yearly Growth

Jan 14 2025 03:35 PM IST
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Rajasthan Tube Manufacturing Co has achieved a new 52-week high, reaching Rs. 102 on January 14, 2025. Despite underperforming its sector, the company has shown remarkable growth over the past year, with a 177.17% increase, significantly surpassing the Sensex's performance.
Rajasthan Tube Manufacturing Co has reached a new 52-week high, with its stock price hitting Rs. 102 on January 14, 2025. This achievement is significant for the microcap company in the steel, sponge iron, and pig iron industry, although it has underperformed its sector by 0.95% on the same day.

Intraday trading saw the stock fluctuate, peaking at Rs. 102, a 2% increase, while dipping to a low of Rs. 98, reflecting a 2% decrease. Currently, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend across various time frames.

Over the past year, Rajasthan Tube Manufacturing Co has demonstrated impressive growth, with a performance increase of 177.17%, significantly outpacing the Sensex's rise of 5.42%. The broader steel, sponge iron, and pig iron sector has also seen a modest gain of 3%.
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