Rajasthan Tube Manufacturing Co Approaches 52-Week High Amid Sector Underperformance

Rajasthan Tube Manufacturing Co has been active in today's trading session, currently positioned near its 52-week high, just 3.04% away from Rs 100.98. Despite this proximity to its peak, the stock has underperformed relative to its sector, which has gained 2.89% today, resulting in a 4.9% lag for Rajasthan Tube Manufacturing Co. The stock has experienced a consecutive decline over the past two days, totaling a drop of 2.95%. During the session, the stock reached an intraday low of Rs 98, reflecting a decrease of 2%. Notably, it remains above key moving averages, including the 20-day, 50-day, 100-day, and 200-day averages, although it is below the 5-day moving average. Over the past year, Rajasthan Tube Manufacturing Co has shown remarkable growth, with a performance increase of 177.17%, significantly outpacing the Sensex's rise of 5.44%.