Rhetan TMT Ltd Hits New 52-Week High of Rs.25.5 on 2 Jan 2026

Stock Performance and Market Context

On 2 Jan 2026, Rhetan TMT Ltd's share price surged to Rs.25.5, outperforming its sector by 2.18% on the day. The stock has recorded gains for three consecutive sessions, delivering a cumulative return of 5.29% over this period. This upward trajectory has propelled the stock well above its key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling robust technical strength.

Over the past year, Rhetan TMT Ltd has appreciated by 7.13%, marginally outpacing the Sensex's 6.98% gain during the same timeframe. The stock's 52-week low stands at Rs.12.15, highlighting a substantial recovery and growth in value over the last twelve months.

Sector and Broader Market Dynamics

The Iron & Steel Products sector, to which Rhetan TMT Ltd belongs, has witnessed notable activity amid a generally positive market environment. The Sensex opened flat but gained momentum to close 263.11 points higher at 85,522.47, a 0.39% increase. The benchmark index remains close to its own 52-week high of 86,159.02, just 0.74% away, supported by bullish moving averages where the 50-day moving average is positioned above the 200-day average.

Mid-cap stocks have been leading the market rally, with the BSE Mid Cap index advancing by 0.55% today. Rhetan TMT Ltd’s performance aligns with this trend, reflecting strength within its market segment.

Technical Indicators and Momentum

The stock’s current trading above all major moving averages indicates a strong bullish momentum. The 5-day moving average has been steadily rising, confirming short-term strength, while the 50-day and 200-day averages suggest a sustained positive trend over the medium to long term. This alignment of moving averages often signals investor confidence in the stock’s price direction.

Rhetan TMT Ltd’s day change of 4.34% today further underscores the stock’s upward momentum, which has been consistent over recent sessions. The consecutive gains over three days have contributed to a notable price appreciation, reinforcing the stock’s position within the Iron & Steel Products sector.

Mojo Score and Market Capitalisation

Despite the positive price movement, Rhetan TMT Ltd holds a Mojo Score of 44.0, categorised as a Sell grade as of 4 Nov 2025, an improvement from its previous Strong Sell rating. The market cap grade stands at 3, reflecting its mid-cap status within the broader market. These metrics provide a comprehensive view of the stock’s quality and market standing, balancing the recent price gains with underlying fundamentals.

Summary of Price Movement and Market Position

Rhetan TMT Ltd’s achievement of a new 52-week high at Rs.25.5 represents a key milestone in its stock price journey. The stock’s performance over the past year, with a 7.13% gain, slightly exceeds the Sensex benchmark, indicating relative strength within its sector. The recent three-day rally and outperformance against the sector by 2.18% today highlight the stock’s positive momentum.

Trading above all major moving averages and supported by a rising Sensex and mid-cap market strength, Rhetan TMT Ltd’s price action reflects a confluence of favourable technical and market factors. While the Mojo Score remains in the Sell category, the upgrade from Strong Sell suggests some improvement in the stock’s underlying metrics.

Overall, the stock’s new high price and consistent gains over recent sessions underscore its current market standing within the Iron & Steel Products sector.

Only Rs. 9,999 - Get MojoOne + Stock of the Week for 1 Year (MRP = Rs. 34,999) Start Saving Now →