Rajasthan Tube Manufacturing Co Hits 52-Week High Amid Strong Performance Metrics

Dec 26 2024 09:35 AM IST
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Rajasthan Tube Manufacturing Co has recently been added to MarketsMojo's list following a revision in its score, reflecting its strong market performance. The stock reached a 52-week high and has outperformed its sector significantly, showcasing impressive returns over the past two weeks and a robust yearly performance.
Rajasthan Tube Manufacturing Co has recently achieved a significant milestone, reaching a new 52-week high of Rs. 75.79 on December 26, 2024. This microcap company, operating within the steel, sponge iron, and pig iron industry, has demonstrated impressive performance, outperforming its sector by 4.82% today.

The stock has shown remarkable resilience, gaining consecutively for the past 14 days and delivering a substantial return of 72.84% during this period. Today, it opened with a notable gain of 4.83%, reflecting strong market activity. Throughout the trading session, the stock reached an intraday high of Rs. 75.79, marking a 4.99% increase.

Rajasthan Tube Manufacturing Co has maintained a narrow trading range of just Rs. 0.11, indicating stable price movements. Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend. Over the past year, the company's performance has been impressive, with a return of 70.74%, significantly outpacing the Sensex, which recorded a gain of 10.49%.
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