Rajasthan Tube Manufacturing Co Achieves All-Time High Amid Strong Performance Streak

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. 32.25. This milestone comes amid a notable performance streak, with the stock gaining for the last 15 consecutive days, resulting in a remarkable 33.22% increase during this period.
Despite this upward trend, Rajasthan Tube Manufacturing Co's performance today fell short of the sector average, underperforming by 1.94%. However, the stock has shown strong momentum, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust short- to long-term trend.

In terms of broader performance metrics, the company has outperformed the Sensex significantly over various time frames. Over the past year, Rajasthan Tube Manufacturing Co has surged by an impressive 862.69%, compared to the Sensex's 12.37%. Year-to-date, the stock has risen by 267.73%, while its three-year and ten-year performances stand at 1667.12% and 1691.67%, respectively, showcasing its strong market position within the industry.