Rhetan TMT Ltd Gains 2.32%: Key Milestones and Market Resilience in a Volatile Week

Jan 24 2026 11:00 AM IST
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Rhetan TMT Ltd delivered a solid weekly performance, rising 2.32% from Rs.25.84 to Rs.26.44 between 19 and 23 January 2026, significantly outperforming the Sensex which declined 3.31% over the same period. The stock’s momentum was fuelled by a new 52-week and all-time high on 22 January, supported by sustained buying interest and positive technical signals despite a mixed broader market environment.

Key Events This Week

Jan 19: Stock opens week at Rs.26.25, gaining 1.59% amid Sensex decline

Jan 20: Continued gains to Rs.26.53 despite sharp Sensex fall

Jan 21: Stock rises to Rs.26.80, extending four-day winning streak

Jan 22: New 52-week and all-time high at Rs.27.5

Jan 23: Week closes at Rs.26.44, down 1.71% on the day but up for the week

Week Open
Rs.25.84
Week Close
Rs.26.44
+2.32%
Week High
Rs.27.50
Sensex Change
-3.31%

Monday, 19 January 2026: Positive Start Amid Market Weakness

Rhetan TMT Ltd began the week on a strong note, closing at Rs.26.25, up 1.59% from the previous Friday’s close of Rs.25.84. This gain was notable as the Sensex declined 0.49% to 36,650.97, reflecting a divergence from the broader market trend. The stock’s volume of 2,64,210 shares indicated healthy investor interest, setting a positive tone for the week ahead.

Tuesday, 20 January 2026: Resilience Amid Sharp Market Decline

Despite a sharp Sensex drop of 1.82% to 35,984.65, Rhetan TMT Ltd extended its gains to Rs.26.53, a 1.07% increase. The stock’s ability to rise amid broad market weakness highlighted its relative strength. However, volume dipped significantly to 38,934 shares, suggesting cautious participation from traders on the day.

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Wednesday, 21 January 2026: Fourth Consecutive Gain

The stock continued its upward trajectory, closing at Rs.26.80, up 1.02% on the day. This marked the fourth consecutive day of gains, cumulatively delivering a 4.61% return over this period. Volume rebounded strongly to 2,52,592 shares, signalling renewed buying interest. Meanwhile, the Sensex declined a further 0.47% to 35,815.26, underscoring the stock’s outperformance.

Thursday, 22 January 2026: New 52-Week and All-Time Highs at Rs.27.5

Rhetan TMT Ltd reached a significant milestone by hitting a new 52-week and all-time high of Rs.27.5. This peak was achieved after a sustained rally, with the stock trading above all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating strong technical momentum. The day’s gain was a modest 0.37% to Rs.26.90 on BSE closing price, but intraday the stock touched Rs.27.5, reflecting robust demand.

The broader market showed mixed signals, with the Sensex rising 0.76% to 36,088.66. Despite the positive sector environment, the stock marginally underperformed its sector by 0.69% on the day. The company’s Mojo Score remains at 44.0 with a Mojo Grade of Sell, upgraded from Strong Sell in November 2025, reflecting cautious optimism.

Friday, 23 January 2026: Weekly Close at Rs.26.44 on Profit Booking

The stock retreated 1.71% to close at Rs.26.44, reflecting some profit booking after the recent highs. Volume moderated to 1,19,866 shares. The Sensex also declined sharply by 1.33% to 35,609.90, continuing the week’s downward trend. Despite the day’s dip, Rhetan TMT Ltd ended the week with a strong 2.32% gain, significantly outperforming the Sensex’s 3.31% loss.

Date Stock Price Day Change Sensex Day Change
2026-01-19 Rs.26.25 +1.59% 36,650.97 -0.49%
2026-01-20 Rs.26.53 +1.07% 35,984.65 -1.82%
2026-01-21 Rs.26.80 +1.02% 35,815.26 -0.47%
2026-01-22 Rs.26.90 +0.37% 36,088.66 +0.76%
2026-01-23 Rs.26.44 -1.71% 35,609.90 -1.33%

Key Takeaways

Outperformance Amid Market Weakness: Rhetan TMT Ltd’s 2.32% weekly gain contrasted sharply with the Sensex’s 3.31% decline, highlighting the stock’s resilience and relative strength in a challenging market environment.

Technical Momentum: The stock’s trading above all major moving averages and the achievement of new 52-week and all-time highs on 22 January signal strong technical support and positive investor sentiment.

Volume Fluctuations: Volume trends showed variability, with strong participation on days of gains and moderation on the final day, suggesting profit booking but sustained interest overall.

Mojo Grade Upgrade: The upgrade from Strong Sell to Sell in November 2025, while still cautious, indicates improving fundamentals or market perception, complementing the recent price strength.

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Conclusion

Rhetan TMT Ltd’s performance in the week ending 23 January 2026 demonstrated notable strength and resilience. The stock’s ability to set new 52-week and all-time highs amid a broadly declining Sensex underscores its relative appeal and technical robustness. While the Mojo Grade remains cautious at Sell, the recent upgrade and sustained price momentum suggest a positive shift in market perception. Investors should note the stock’s outperformance and technical indicators as key factors shaping its near-term trajectory.

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