Ratnamani Metals & Tubes Shows Resilience Amid Market Volatility and Long-Term Growth

Ratnamani Metals & Tubes has shown significant activity today, gaining 5.12% as of March 6, 2025. This midcap player in the Steel/Sponge Iron/Pig Iron industry has outperformed its sector by 4.24%, marking its third consecutive day of gains, with a total return of 11.04% over this period. The stock reached an intraday high of Rs 2717.95, reflecting a 6.37% increase during the trading session.
In terms of moving averages, Ratnamani Metals & Tubes is currently above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. This performance comes amid a broader market context where the Sensex has experienced volatility, reversing sharply after a positive opening and currently trading at 73,604.78, down 0.17%.

Despite the recent gains, Ratnamani's performance over the past month shows a decline of 4.79%, while its year-to-date performance is down 15.52%. However, the company has demonstrated strong long-term growth, with a remarkable 433.61% increase over the past decade compared to the Sensex's 150.14%.