Rhetan TMT Hits New 52-Week High, Outperforming Sector with 135.80% Annual Growth

Dec 30 2024 10:05 AM IST
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Rhetan TMT has recently been added to MarketsMojo's list following a revision in its score, reflecting its strong performance in the construction material industry. The stock 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. 23.85 on December 30, 2024. This surge in stock price reflects a robust performance, as the company has outperformed its sector by 2.6% today alone. Over the past three days, Rhetan TMT has demonstrated consistent growth, with a notable increase of 4.52% in returns.

The company's stock 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, indicating a strong upward trend. Over the past year, Rhetan TMT has delivered impressive returns of 135.80%, significantly outpacing the Sensex, which has recorded a performance of 8.76% during the same period. This performance highlights Rhetan TMT's solid position within the construction materials industry, showcasing its resilience and growth potential in a competitive market.
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