Rajasthan Tube Manufacturing Co Achieves 52-Week High Amid Broader Market Decline

May 06 2025 10:35 AM IST
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Rajasthan Tube Manufacturing Co has achieved a new 52-week high of Rs. 298.3, reflecting a strong performance with a 23.26% increase over the past 11 days. The stock has consistently traded above key moving averages, while the broader market has faced declines. Over the past year, the company has seen a substantial return of 786.74%.
Rajasthan Tube Manufacturing Co has made headlines today as its stock price reached a new 52-week high of Rs. 298.3, marking a significant milestone for the microcap company in the Steel/Sponge Iron/Pig Iron industry. This achievement comes after a remarkable performance, with the stock gaining 23.26% over the past 11 consecutive days, outperforming its sector by 2.27%.

The stock opened at Rs. 298.3 and has maintained this price throughout the trading session, indicating strong market support. Additionally, Rajasthan Tube Manufacturing Co 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 contrast, the broader market has seen the Sensex decline by 361.42 points, currently trading at 80,545.82, despite a positive opening earlier in the day. Over the past year, Rajasthan Tube Manufacturing Co has delivered an impressive return of 786.74%, significantly outpacing the Sensex's 8.99% performance during the same period. The stock's 52-week low stands at Rs. 26, highlighting its remarkable recovery and growth trajectory.
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