Tamil Nadu Telecommunications Hits Upper Circuit, Signaling Strong Market Momentum

Jul 10 2025 10:00 AM IST
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Tamil Nadu Telecommunications Ltd has reached its upper circuit limit, achieving an intraday high of Rs 24.44 with a notable increase. The stock has gained for nine consecutive days, reflecting strong demand and a robust upward trend, despite a decrease in investor participation.
Tamil Nadu Telecommunications Ltd, operating in the Telecom Equipment & Accessories sector, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 24.44, marking a significant 4.98% increase from its previous close. This performance is noteworthy as it has outperformed the sector, which only saw a modest gain of 0.16%.

The stock has shown remarkable resilience, gaining for nine consecutive days and achieving a staggering 121.78% return over this period. Today's trading saw a total volume of approximately 0.02735 lakh shares, with a turnover of Rs 0.00668434 crore. The stock opened at Rs 24.44, maintaining this price throughout the trading session, indicating strong demand.

In terms of technical performance, Tamil Nadu Telecommunications is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend. However, it is worth noting that investor participation has decreased, with delivery volume dropping significantly compared to the 5-day average.

Overall, Tamil Nadu Telecommunications Ltd's performance today reflects a strong market position and positive momentum, underscoring its recent gains in the telecom sector.
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