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

Dec 24 2024 09:35 AM IST
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Rajasthan Tube Manufacturing Co has experienced a notable adjustment in its evaluation, reflecting its impressive market performance. The stock recently reached a 52-week high, significantly outperforming both its sector and the broader market. Additionally, it has been added to MarketsMojo's list, highlighting its strong upward momentum.
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.
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