Rajasthan Tube Manufacturing Co Shows Volatility Amid Strong Yearly Performance Surge

Jan 16 2025 03:20 PM IST
share
Share Via
Rajasthan Tube Manufacturing Co, a microcap in the steel sector, has seen significant trading activity, currently near its 52-week high. Despite a recent decline, the stock remains above key moving averages and has surged 194.53% over the past year, outperforming the Sensex amid inherent volatility.
Rajasthan Tube Manufacturing Co, a microcap player in the steel, sponge iron, and pig iron sector, has experienced notable trading activity today. The stock is currently positioned just 2.04% below its 52-week high of Rs 104.04, having reached an all-time high on January 16, 2025. However, it opened with a loss of 2% and hit an intraday low of Rs 101.96, underperforming its sector by 2.94%.

Despite today's decline, the stock remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive long-term trend. Over the past year, Rajasthan Tube Manufacturing Co has seen an impressive stock performance surge of 194.53%, significantly outpacing the Sensex's modest increase of 5.32%. This recent trend reversal follows two consecutive days of gains, reflecting the inherent volatility often associated with microcap stocks. Investors will be closely monitoring the situation for any further developments.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News