Rajasthan Tube Manufacturing Co Achieves 52-Week High Amid Strong Sector Performance in October'23

Feb 13 2025 10:35 AM IST
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Rajasthan Tube Manufacturing Co has achieved a new 52-week high of Rs. 138.5 after 18 consecutive days of gains, reflecting a 38.65% increase. The company has outperformed the Sensex over the past year, delivering returns of 238.96%, and is currently trading above key moving averages.
Rajasthan Tube Manufacturing Co has made headlines today as its stock price reached a new 52-week high of Rs. 138.5, marking a significant milestone for the microcap company in the Steel/Sponge Iron/Pig Iron industry. This surge comes after 18 consecutive days of gains, during which the stock has appreciated by an impressive 38.65%.

In terms of performance metrics, Rajasthan Tube Manufacturing Co is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The broader sector has also shown positive movement, with the Steel/Sponge Iron/Pig Iron industry gaining 2.13% today.

Over the past year, Rajasthan Tube Manufacturing Co has delivered remarkable returns of 238.96%, significantly outpacing the Sensex, which has seen a modest increase of 7.05%. This performance highlights the company's robust position within its sector and its ability to capitalize on market dynamics.
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