Rajasthan Tube Manufacturing Co Achieves All-Time High Amid Strong Market Performance
Rajasthan Tube Manufacturing Co, a microcap in the Steel/Sponge Iron/Pig Iron sector, reached an all-time high stock price of Rs. 112 on January 29, 2025. The company has shown strong performance with six consecutive days of gains and a remarkable 215.58% increase in stock value over the past year.
Rajasthan Tube Manufacturing Co, a microcap player in the Steel/Sponge Iron/Pig Iron industry, has made headlines today as its stock price reached an all-time high of Rs. 112. This milestone was achieved on January 29, 2025, marking a significant moment for the company. In terms of performance, Rajasthan Tube has outperformed its sector by 0.27% today, continuing a strong upward trend with six consecutive days of gains, resulting in a notable 12.12% increase over this period. The stock opened at Rs. 112 and has maintained this price throughout the trading session, indicating stability at this new high.
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 performance relative to its historical price trends. Over the past year, the company has demonstrated impressive growth, with a 215.58% increase in stock value, significantly outpacing the Sensex, which has seen a modest rise of 6.08%.
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