Key Events This Week
Jan 6: Intensified downtrend amid mixed technical signals
Jan 8: Stock falls to 52-week low of Rs.440 amid weak financial metrics
Jan 9: Further decline to new 52-week low of Rs.430.75 amidst continued downtrend
Week Close: Rs.416.70 (-8.10%) vs Sensex (-2.62%)
Jan 5: Week Begins with Modest Decline Amid Market Weakness
Tejas Networks Ltd opened the week at Rs.449.25 on 5 January 2026, down 0.93% from the previous Friday’s close of Rs.453.45. The stock traded with moderate volume of 44,132 shares, reflecting cautious investor sentiment. The Sensex also declined by 0.18% to 37,730.95, indicating a broadly weak market environment. The stock’s performance was in line with the market but set the tone for a challenging week ahead.
Jan 6: Intensified Downtrend Confirmed by Technical Indicators
On 6 January, Tejas Networks Ltd’s share price slipped further to Rs.445.40, a decline of 0.86% from the previous day’s close. This day marked a significant technical shift as the stock’s momentum indicators deteriorated sharply. The downgrade to a Strong Sell rating by MarketsMOJO underscored growing concerns over the stock’s near-term outlook. The stock traded near its 52-week low, with moving averages and momentum oscillators signalling sustained bearish pressure. The Sensex also declined by 0.19%, closing at 37,657.70, but the stock’s relative weakness was notable.
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Jan 7: Brief Rebound Amid Mixed Market Signals
The stock saw a modest recovery on 7 January, closing at Rs.449.20, up 0.85% from the previous day. This short-lived rebound was accompanied by increased volume of 44,796 shares, suggesting some short-term buying interest. The Sensex also edged higher by 0.03% to 37,669.63, reflecting a slightly more positive market tone. However, this uptick failed to reverse the prevailing downtrend, as technical indicators remained predominantly bearish.
Jan 8: New 52-Week Low Amid Weak Financial Metrics
On 8 January, Tejas Networks Ltd’s stock price fell sharply to Rs.441.80, down 1.65%, hitting a fresh 52-week low of Rs.440 intraday. This decline was driven by continued concerns over the company’s deteriorating financial performance. The quarter ended September 2025 saw net sales plunge by 90.69% to Rs.261.82 crores, while the operating profit to interest coverage ratio worsened to -3.48 times. The company’s debt-equity ratio remained elevated at 11.34 times, signalling high leverage and financial risk. Return on equity was subdued at 2.99%, highlighting limited profitability. The stock underperformed both the Telecom Equipment sector and the broader market, with the Sensex falling 1.41% to 37,137.33.
Jan 9: Continued Downtrend Pushes Stock to New 52-Week Low
Tejas Networks Ltd’s downward momentum persisted on 9 January, with the stock closing at Rs.416.70, a steep 5.68% decline from the previous day. The intraday low touched Rs.430.75, marking the lowest price level in 52 weeks. This represented a cumulative two-day decline of 2.44%. Despite marginally outperforming its sector by 0.31%, the stock remained well below all key moving averages, reinforcing the bearish technical outlook. The Sensex also declined by 0.89% to 36,807.62, but the stock’s underperformance was pronounced. Elevated debt to EBITDA ratio of 12.63 times and a 60.83% negative return over the past year further emphasised the stock’s risk profile.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-05 | Rs.449.25 | -0.93% | 37,730.95 | -0.18% |
| 2026-01-06 | Rs.445.40 | -0.86% | 37,657.70 | -0.19% |
| 2026-01-07 | Rs.449.20 | +0.85% | 37,669.63 | +0.03% |
| 2026-01-08 | Rs.441.80 | -1.65% | 37,137.33 | -1.41% |
| 2026-01-09 | Rs.416.70 | -5.68% | 36,807.62 | -0.89% |
Key Takeaways
Bearish Technical Momentum: The stock’s technical indicators deteriorated sharply this week, with moving averages, MACD, and Bollinger Bands signalling sustained selling pressure. The downgrade to a Strong Sell rating by MarketsMOJO reflects this intensified downtrend.
Financial Weakness: Tejas Networks’ financial metrics remain under strain, with a 90.69% drop in quarterly net sales, negative operating profit to interest coverage ratio, and high leverage ratios. These fundamentals have contributed to the stock’s sharp decline and 52-week lows.
Underperformance vs Market: The stock’s 8.10% weekly decline far exceeded the Sensex’s 2.62% fall, highlighting company-specific challenges. The one-year return of approximately -61% contrasts starkly with the Sensex’s positive gains, emphasising persistent underperformance.
Conclusion
Tejas Networks Ltd’s performance during the week of 5 to 9 January 2026 was marked by a pronounced downtrend driven by deteriorating technical signals and weak financial fundamentals. The stock’s fall to new 52-week lows and significant underperformance relative to the Sensex underscore the challenges facing the company. Elevated debt levels, poor profitability, and negative momentum indicators suggest continued caution. Market participants should closely monitor developments, but the current evidence points to sustained bearish pressure in the near term.
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