Why is Rajas. Tube Mfg falling/rising?
As of 18-Nov, Rajasthan Tube Manufacturing Co Ltd's stock is at Rs 39.90, up 4.92% today, with a year-to-date growth of 354.96%. Despite recent short-term declines, it has significantly outperformed the Sensex over the long term, indicating strong market performance.
As of 18-Nov, Rajasthan Tube Manufacturing Co Ltd's stock price is rising, currently at Rs 39.90, reflecting an increase of Rs 1.87 or 4.92%. The stock has been gaining for the last two days, with a total return of 6.12% during this period. It outperformed its sector by 5.75% today and reached an intraday high of Rs 39.93. Despite a recent decline of 4.25% over the past week, the stock has shown impressive year-to-date growth of 354.96% and a remarkable 1081.52% increase over the past year. The rising investor participation, indicated by a 27.74% increase in delivery volume, suggests a positive sentiment among investors, although there is no specific information available regarding positive or negative factors impacting the stock.In the broader market context, the stock's performance over the past week contrasts with the Sensex, which has gained 0.96%. While the stock has faced short-term challenges, its long-term performance significantly outpaces the benchmark, with a three-year return of 1994.49% compared to the Sensex's 37.31%. This substantial outperformance indicates that despite recent fluctuations, the stock remains a strong performer in the market, bolstered by solid historical returns and increasing trading activity.
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