Rajasthan Tube Manufacturing Faces Intense Selling Pressure Amidst Significant Price Declines

Jul 16 2025 11:20 AM IST
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Rajasthan Tube Manufacturing Co Ltd is experiencing significant selling pressure, marking its 11th consecutive day of losses. The stock has declined notably over the past week and shows a reversal in its recent strong performance, despite impressive gains over the past year and three years.
Rajasthan Tube Manufacturing Co Ltd is currently facing significant selling pressure, with today's trading session showing only sellers in the market. The stock has experienced a notable decline of 2.00%, underperforming the Sensex, which fell by just 0.23%. This marks the 11th consecutive day of losses for Rajasthan Tube, accumulating a total decline of 19.79% during this period.

Over the past week, the stock has dropped 9.60%, while the Sensex has only decreased by 1.38%. In the longer term, Rajasthan Tube's performance has been mixed; it has shown remarkable gains over the past year, with a staggering increase of 1304.92%, but the recent trend indicates a reversal in fortunes.

Despite its strong performance over three years, where it gained 2074.29%, the current selling pressure may be attributed to various factors, including market sentiment and potential profit-taking after substantial gains. The stock is currently trading above its 50-day, 100-day, and 200-day moving averages, but below its 5-day and 20-day moving averages, indicating a shift in momentum.
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