Rajasthan Tube Manufacturing Co Achieves 52-Week High Amid Strong Market Momentum

Jan 15 2025 03:35 PM IST
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Rajasthan Tube Manufacturing Co has achieved a new 52-week high of Rs. 104.04, reflecting significant growth of 183.49% over the past year. Despite a challenging start to the trading day, the stock demonstrated resilience, closing above key moving averages and outperforming its sector peers.
Rajasthan Tube Manufacturing Co has made headlines today by reaching a new 52-week high of Rs. 104.04, marking a significant milestone for the microcap player in the steel, sponge iron, and pig iron industry. Over the past year, the company has demonstrated impressive growth, with a remarkable increase of 183.49%, significantly outpacing the Sensex's modest rise of 4.63%.

Despite opening the trading day with a gap down and a 2% loss, the stock has shown resilience, achieving an intraday high of Rs. 104.04 and a low of Rs. 99.96. The stock's performance has been bolstered by consecutive gains over the last two days, resulting in a total return of 4.04%.

Currently, Rajasthan Tube Manufacturing Co is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a strong market position and positive momentum within the sector, where it outperformed its peers by 2.03% on the day of the high.
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