Key Events This Week
16 Mar: Exceptional volume surge with over 1.08 crore shares traded, stock rallies 5.44%
17 Mar: High-value trading continues, but stock dips 0.66% amid volatile session
18 Mar: Price rebounds with a 1.34% gain despite broader market strength
19 Mar: Sharp decline of 3.99% as Sensex falls over 3%
20 Mar: Recovery with 0.83% gain, week closes at Rs.435.80
16 March: Exceptional Volume Surge and Price Rally
Tejas Networks Ltd emerged as one of the most actively traded stocks on 16 Mar 2026, with an extraordinary volume of over 1.08 crore shares and a traded value of approximately ₹486.94 crores. The stock opened at Rs.441.65, a 4.05% gap up from the previous close, and touched an intraday high of Rs.463.00, representing a 9.08% rise before settling at Rs.447.15, a 5.44% gain on the day.
This strong performance outpaced the Telecom - Equipment & Accessories sector’s 1.00% gain and the Sensex’s 0.47% rise, signalling renewed investor interest despite the stock’s recent downgrade to a Strong Sell rating with a Mojo Score of 6.0. The weighted average price was closer to the day’s low, suggesting cautious accumulation rather than aggressive buying at peak levels.
Technically, the stock traded above its 20-day, 50-day, and 100-day moving averages, indicating medium-term strength, but remained below the 5-day and 200-day averages, highlighting short-term resistance and longer-term consolidation. Delivery volumes declined sharply by 52.94% compared to the five-day average, implying speculative trading rather than long-term holding.
17 March: High-Value Trading Amid Volatility and Price Dip
On 17 Mar 2026, Tejas Networks continued to see robust trading activity with 36.5 lakh shares changing hands and a turnover exceeding ₹161 crores. The stock opened strongly at Rs.455.50 and reached an intraday high of Rs.461.45, but faced selling pressure later, hitting a low of Rs.431.60 before closing at Rs.444.20, down 0.66% from the previous day’s close.
Despite the decline, the stock outperformed its sector, which fell 2.5%, and the Sensex, which gained a marginal 0.79%. Delivery volumes surged by 38.09% compared to the five-day average, indicating increased investor conviction and potential institutional accumulation. The stock’s liquidity profile remained favourable, supporting sizeable trades without significant price impact.
Technically, the price remained above the 20-day, 50-day, and 100-day moving averages but below the 5-day and 200-day averages, maintaining a mixed technical outlook. The persistent Strong Sell Mojo Grade reflects ongoing caution despite the active trading and relative resilience.
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18 March: Price Rebounds Amid Broader Market Strength
Tejas Networks regained some ground on 18 Mar 2026, closing at Rs.450.15, a 1.34% increase from the previous close. The Sensex also advanced strongly by 1.15%, closing at 34,329.13, reflecting a broadly positive market environment. The stock’s rebound followed the prior day’s dip and was supported by continued technical strength above medium-term moving averages.
Volume was lower at 3.35 lakh shares, indicating a more measured trading session. The stock’s ability to recover amid a rising market suggests some resilience, although the Strong Sell rating and mixed technical signals continue to temper enthusiasm.
19 March: Sharp Decline Amid Market Sell-Off
The stock faced a significant setback on 19 Mar 2026, falling 3.99% to close at Rs.432.20. This decline coincided with a sharp Sensex drop of 3.13%, as the benchmark index closed at 33,255.16 amid broader market weakness. The stock’s decline was in line with the market sell-off but was more pronounced than the Sensex fall.
Trading volume remained subdued at 3.34 lakh shares, reflecting cautious investor sentiment. The drop below the 5-day moving average reinforced short-term weakness, while the longer-term technical picture remained mixed. The persistent Strong Sell Mojo Grade underscores the risks facing the stock amid volatile market conditions.
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20 March: Modest Recovery to Close the Week
On the final trading day of the week, Tejas Networks edged up 0.83% to close at Rs.435.80, recovering some losses from the previous session. The Sensex also rebounded by 0.51%, closing at 33,423.61. The stock’s recovery was supported by a lower volume of 2.55 lakh shares, indicating selective buying interest.
This modest gain helped the stock finish the week with a positive 2.76% return, outperforming the Sensex’s 0.28% decline. Despite this, the stock remains under pressure from its Strong Sell Mojo Grade and mixed technical indicators, suggesting that volatility may persist in the near term.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-03-16 | Rs.447.15 | +5.44% | 33,673.11 | +0.47% |
| 2026-03-17 | Rs.444.20 | -0.66% | 33,940.18 | +0.79% |
| 2026-03-18 | Rs.450.15 | +1.34% | 34,329.13 | +1.15% |
| 2026-03-19 | Rs.432.20 | -3.99% | 33,255.16 | -3.13% |
| 2026-03-20 | Rs.435.80 | +0.83% | 33,423.61 | +0.51% |
Key Takeaways
Tejas Networks Ltd demonstrated notable volatility this week, driven by exceptional trading volumes and mixed technical signals. The stock outperformed the Sensex by over 3% cumulatively, closing the week with a 2.76% gain despite sectoral pressures and a persistent Strong Sell rating.
High volumes on 16 March indicated renewed market interest, but the decline in delivery volumes suggested speculative trading rather than sustained accumulation. The subsequent increase in delivery volumes on 17 March hinted at growing investor conviction, though price volatility remained elevated.
Technically, the stock remains above medium-term moving averages but faces resistance at shorter and longer-term levels, reflecting a consolidation phase. The persistent Strong Sell Mojo Grade signals caution, highlighting underlying fundamental or valuation concerns despite recent price resilience.
Liquidity remains adequate for institutional participation, supporting sizeable trades without significant price disruption. However, the stock’s small-cap status and sectoral headwinds suggest that investors should remain vigilant to potential volatility and market shifts.
Conclusion
Tejas Networks Ltd’s week was characterised by a delicate balance between renewed trading interest and cautionary signals. The stock’s 2.76% weekly gain and outperformance of the Sensex reflect pockets of strength amid a challenging sector environment. However, the mixed technical indicators and Strong Sell rating underscore the need for careful monitoring.
Investors should weigh the stock’s liquidity and relative strength against the risks posed by volatility and fundamental uncertainties. The coming weeks will be crucial in determining whether Tejas Networks can sustain its recovery or if it will face renewed downward pressure amid broader market and sectoral dynamics.
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