Rajasthan Tube Manufacturing Co Achieves 52-Week High Amid Strong Market Performance

Feb 12 2025 10:35 AM IST
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Rajasthan Tube Manufacturing Co has achieved a new 52-week high stock price of Rs. 135.8, following a 17-day streak of gains. The company has significantly outperformed its sector and delivered a remarkable 237.56% return over the past year, showcasing its strong position in the Steel industry.
Rajasthan Tube Manufacturing Co has made headlines today as its stock price reached a new 52-week high of Rs. 135.8, marking a significant milestone for the microcap company in the Steel/Sponge Iron/Pig Iron industry. This surge comes after a remarkable 17-day streak of consecutive gains, during which the stock has appreciated by 35.95%.

In terms of performance, Rajasthan Tube Manufacturing Co has outperformed its sector, which has seen a decline of 2.06%. The company's stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Over the past year, the company has delivered an impressive return of 237.56%, significantly outpacing the Sensex, which has grown by only 6.46% during the same period.

As the market continues to react to these developments, Rajasthan Tube Manufacturing Co's performance metrics highlight its robust position within the industry, reflecting a notable achievement in a challenging market environment.
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