Rathi Steel & Power's Stock Surges, Outperforms Sector and Sensex with Impressive 1-Year Performance

Jul 26 2024 09:36 AM IST
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Rathi Steel & Power, a microcap company in the iron and steel industry, has seen a remarkable 92.06% increase in its stock returns over the past 11 days. Despite being given a Strong Sell rating by MarketsMojo, the stock has consistently outperformed the sector and is currently trading above its moving averages. With a 1-year performance of 928.16%, Rathi Steel & Power shows strong growth potential and is a company to watch in the industry.

Rathi Steel & Power, a microcap company in the iron and steel industry, has recently seen a surge in its stock price. On July 26, 2024, the company's stock reached a 52-week high of Rs.88.73. However, according to MarketsMOJO, the stock has been given a "Strong Sell" rating.

Despite this, Rathi Steel & Power's performance today has outperformed the sector by 3.81%. The stock has been on a consecutive 11-day gaining streak and has seen a remarkable 92.06% increase in its returns during this period. Additionally, the stock opened with a gain of 4.99% today and touched an intraday high of Rs.88.73.

It is worth noting that the stock has been consistently trading at the same price since its opening, indicating a strong hold in the market. Furthermore, Rathi Steel & Power is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex's performance of 20.30%, Rathi Steel & Power has shown an impressive 1-year performance of 928.16%. This showcases the company's strong growth potential and its ability to outperform the market.

Overall, Rathi Steel & Power's recent surge in stock price and its consistent performance in the market make it a company to watch out for in the iron and steel industry.
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