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

May 02 2025 10:35 AM IST
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Rajasthan Tube Manufacturing Co's stock has reached a new 52-week high of Rs. 287.1, following a nine-day gain streak. The company has significantly outperformed its sector and the broader market, with a remarkable annual return of 689.60%, compared to the Sensex's 8.45%.
Rajasthan Tube Manufacturing Co has made headlines today as its stock price reached a new 52-week high of Rs. 287.1, marking a significant milestone for the microcap company in the Steel/Sponge Iron/Pig Iron industry. This surge comes after a remarkable nine-day streak of gains, during which the stock has appreciated by 18.64%. Notably, Rajasthan Tube Manufacturing Co has outperformed its sector by 1.38% today, reflecting strong market momentum.

The stock opened at Rs. 287.1 and has maintained this price throughout the trading session, indicating stability at this new high. Furthermore, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend in its performance metrics.

In the broader market context, the Sensex has also shown positive movement, climbing 604.02 points to reach 80,904.21, a rise of 0.82%. Over the past year, Rajasthan Tube Manufacturing Co has delivered an impressive return of 689.60%, significantly outpacing the Sensex's performance of 8.45%. The stock's 52-week low stands at Rs. 26, highlighting its substantial growth over the past year.
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