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

Feb 10 2025 10:35 AM IST
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Rajasthan Tube Manufacturing Co's stock reached a new 52-week high of Rs. 130.55, reflecting a strong performance with a 30.69% gain over the past 15 days. The company has outperformed its sector and delivered a remarkable 240.68% return over the past year, showcasing its market resilience.
Rajasthan Tube Manufacturing Co has made headlines today as its stock price reached a new 52-week high of Rs. 130.55, marking a significant milestone for the microcap company in the Steel/Sponge Iron/Pig Iron industry. This surge in price comes after a remarkable performance over the past 15 days, during which the stock has gained 30.69%.

Notably, Rajasthan Tube Manufacturing Co has outperformed its sector by 4.42% today, despite the broader Steel/Sponge Iron/Pig Iron sector experiencing a decline of 2.72%. The stock has consistently traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its performance metrics.

Over the past year, Rajasthan Tube Manufacturing Co has delivered an impressive return of 240.68%, significantly outpacing the Sensex, which has seen a modest increase of 7.92%. This performance highlights the company's robust market position and resilience in a fluctuating industry landscape.
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