Rhetan TMT Hits 52-Week High, Outperforming Sector with Strong Gains

Dec 27 2024 12:05 PM IST
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Rhetan TMT has recently been added to MarketsMojo's list following a revision in its score, reflecting the stock's strong performance in the construction material industry. The company has reached a new 52-week high and has consistently outperformed its sector, showcasing impressive gains over the past year.
Rhetan TMT, a small-cap player in the construction materials sector, has recently achieved a significant milestone by reaching a new 52-week high of Rs. 23.71 on December 27, 2024. This performance highlights the company's robust position within the industry, particularly as it has outperformed its sector by 1.31% on the same day.

Over the past two days, Rhetan TMT has demonstrated consistent growth, recording a 2.26% increase in returns. The stock's performance over the past year has been remarkable, with a gain of 138.47%, significantly surpassing the Sensex's growth of 9.41% during the same period.

Additionally, Rhetan TMT is currently trading above its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This trend indicates a strong upward momentum in the stock's performance, reflecting the company's solid market position in the construction materials industry.
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