Rajasthan Tube Manufacturing Co Ltd Hits New 52-Week High Amid Strong Buying Activity

Jun 02 2025 12:25 PM IST
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Rajasthan Tube Manufacturing Co Ltd is experiencing strong buying activity, significantly outperforming the Sensex. The stock has achieved notable gains over various time frames, including a 49.79% increase in the last month and a remarkable 390.19% rise year-to-date, reaching a new 52-week high.
Rajasthan Tube Manufacturing Co Ltd is witnessing significant buying activity, marking a notable performance in the iron and steel products sector. The stock has recorded a remarkable 1.99% increase today, contrasting sharply with the Sensex, which has declined by 0.31%. Over the past week, Rajasthan Tube has surged by 10.09%, while the Sensex has fallen by 1.19%.

In the last month, the stock has skyrocketed by 49.79%, significantly outperforming the Sensex's modest gain of 0.86%. The three-month performance is equally impressive, with Rajasthan Tube achieving a staggering 163.26% increase compared to the Sensex's 10.93%. Year-to-date, the stock has risen by 390.19%, while the Sensex has only managed a 3.91% increase.

Today, Rajasthan Tube hit a new 52-week high of Rs. 42.99 and has been on a consecutive gain streak for the last 21 days, accumulating a total return of 49.79% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The buying pressure may be attributed to the stock's robust performance metrics and market positioning within its industry.
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