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

May 16 2025 10:35 AM IST
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Rajasthan Tube Manufacturing Co has achieved a new 52-week high of Rs. 34.8, following a 19-day streak of gains and a 43.76% increase. The company has significantly outperformed its sector and delivered a remarkable 980.41% return over the past year, highlighting its strong market position amidst broader market challenges.
Rajasthan Tube Manufacturing Co has made headlines today as its stock price reached a new 52-week high of Rs. 34.8, marking a significant milestone for the microcap company in the iron and steel products industry. This achievement comes after a remarkable 19-day streak of consecutive gains, during which the stock has surged by 43.76%. Notably, Rajasthan Tube Manufacturing Co has outperformed its sector by 2% today, showcasing its strong market position.

In terms of technical indicators, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend. Over the past year, the company has delivered an impressive return of 980.41%, significantly outpacing the Sensex, which has seen a return of only 11.74% during the same period.

While the broader market is experiencing a slight downturn, with the Sensex down 0.26% after opening lower, Rajasthan Tube Manufacturing Co's performance stands out as a notable exception in today's trading session. The stock's recent activity reflects its strong fundamentals and market momentum.
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