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

May 19 2025 10:35 AM IST
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Rajasthan Tube Manufacturing Co has achieved a new 52-week high, reflecting a strong performance in the Iron & Steel Products sector. The stock has surged significantly over the past year, outperforming the broader market, while small-cap stocks show resilience amid a slight downturn in the overall market.
Rajasthan Tube Manufacturing Co, a microcap player in the Iron & Steel Products industry, has made headlines today as its stock price reached a new 52-week high of Rs. 35.45. This milestone reflects a significant upward trend, with the stock outperforming its sector by 1.73%. Over the past 20 days, Rajasthan Tube Manufacturing Co has demonstrated impressive performance, gaining 46.45% during this period.

The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend. In contrast, the broader market is experiencing a slight downturn, with the Sensex trading at 82,305.05, down 0.03% after a flat opening. Despite this, small-cap stocks are leading the market, with the BSE Small Cap index up by 0.96%.

Rajasthan Tube Manufacturing Co's remarkable one-year performance stands out, boasting a staggering 1004.36% increase compared to the Sensex's modest 11.24% gain. The stock's 52-week low was recorded at Rs. 2.6, highlighting its substantial growth trajectory over the past year.
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