Rajasthan Tube Manufacturing Co Achieves 52-Week High Amid Strong Market Performance

Rajasthan Tube Manufacturing Co has recently reached a significant milestone, hitting a new 52-week high of Rs. 72.19 on December 24, 2024. This achievement marks a notable performance, as the stock has outperformed its sector by 4.79% today. Over the past 13 days, the stock has shown remarkable resilience, gaining 64.63% during this period. Opening with a gain of 4.49%, the stock demonstrated strong intraday activity, peaking at Rs. 72.19, reflecting a 4.99% increase. The trading session was characterized by a narrow range, with the stock fluctuating only Rs. 0.34 throughout the day. In terms of moving averages, Rajasthan Tube Manufacturing Co is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a robust short-term and long-term performance. Over the past year, the company has delivered a return of 62.29%, significantly outperforming the Sensex, which recorded a gain of 10.31%. This performance underscores the company's strong position within the steel and sponge iron industry.