Ratnamani Metals & Tubes Stock Sees 3.68% Increase, Given 'Hold' Call by MarketsMOJO

Sep 06 2024 11:05 AM IST
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On September 6, 2024, Ratnamani Metals & Tubes' stock price increased by 3.68%, reaching close to its 52-week high. It has also outperformed the sector by 4.98%. The stock has shown a trend reversal and is trading higher than its moving averages, indicating a bullish trend. MarketsMojo has given it a 'Hold' call.

Ratnamani Metals & Tubes, a leading player in the steel, sponge iron, and pig iron industry, saw a 3.68% increase in its stock price on September 6, 2024. The stock has been given a 'Hold' call by MarketsMOJO, a leading financial analysis platform.

The stock is currently trading close to its 52-week high of Rs 3923.95, with a difference of only 1.92%. It has also outperformed the sector by 4.98% on the same day. This indicates a positive trend for the company's stock.

In addition, the stock has shown a trend reversal by gaining after two consecutive days of fall. It touched an intraday high of Rs 3850.05, a 4.06% increase from its previous close. This shows a strong buying interest in the stock.

Ratnamani Metals & Tubes is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend for the stock.

In comparison to the Sensex, the stock has outperformed with a 1-day performance of 4.05% while the Sensex has shown a -1.01% performance. In the past month, the stock has also outperformed the Sensex with a 8.45% performance compared to the Sensex's 3.54%.

Overall, Ratnamani Metals & Tubes has shown a strong performance in the stock market and has been given a 'Hold' call by MarketsMOJO. Investors can keep an eye on the stock for potential growth opportunities.
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