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

Apr 28 2025 10:36 AM IST
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Rajasthan Tube Manufacturing Co has achieved a new 52-week high of Rs. 270.75, following a strong six-day performance with an 11.88% gain. The stock is trading above key moving averages and has significantly outperformed its sector, while the broader market also shows positive momentum.
Rajasthan Tube Manufacturing Co has made headlines today as its stock price reached a new 52-week high of Rs. 270.75, marking a significant milestone for the microcap company in the Steel/Sponge Iron/Pig Iron industry. This achievement comes after a strong performance over the past six days, during which the stock has gained 11.88%.

Today, Rajasthan Tube Manufacturing Co opened with a 2% gain and has maintained its trading price at Rs. 270.75 throughout the day. Notably, the stock has outperformed its sector by 1.3%, indicating robust market activity. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, reflecting a positive trend in its performance metrics.

In the broader market context, the Sensex has also shown a strong upward movement, climbing 645.45 points to reach 79,989.08, a rise of 0.98%. This positive sentiment in the market is further supported by the performance of mega-cap stocks. Over the past year, Rajasthan Tube Manufacturing Co has delivered an impressive return of 641.98%, significantly outpacing the Sensex's 8.49% increase.
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