Tejas Networks Ltd Hits Intraday Low Amidst Significant Price Pressure

Intraday Performance and Price Action

Tejas Networks opened sharply lower, down 5.04% from the previous close, signalling immediate bearish sentiment. The stock's intraday volatility was notably high at 30.75%, reflecting wide price swings throughout the session. The day’s low of Rs 385 represented a 7.61% drop from the prior close, underscoring the persistent selling pressure. This decline extended the stock’s losing streak to three consecutive sessions, cumulatively shedding 13.87% over this period.

The stock’s performance today also lagged its sector peers, underperforming the Telecom - Equipment & Accessories sector by 5.82%. This sector underperformance contributed to the negative momentum, as investors appeared cautious amid broader market uncertainties.

Technical Indicators and Moving Averages

From a technical standpoint, Tejas Networks is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This positioning indicates a sustained bearish trend and suggests that short-term and long-term momentum remain weak. The stock’s inability to reclaim these averages further reinforces the downward pressure.

Market Context and Broader Indices

The decline in Tejas Networks occurred against a backdrop of a broadly negative market mood. The Sensex opened 140.93 points lower and continued to slide, closing down 350.21 points at 83,085.10, a 0.59% fall. Despite this, the Sensex remains within 3.7% of its 52-week high of 86,159.02, indicating that the broader market has not experienced a severe correction. The index is trading below its 50-day moving average, though the 50DMA remains above the 200DMA, suggesting a mixed technical picture for the market overall.

Relative Performance Over Multiple Timeframes

Tejas Networks’ underperformance is stark when compared to the Sensex across various time horizons. Over the past day, the stock declined 6.70% versus the Sensex’s 0.51% fall. The one-week and one-month returns for Tejas Networks were -13.46% and -18.89%, respectively, while the Sensex posted losses of 2.68% and 2.48% over the same periods. The disparity widens over longer durations, with the stock down 35.20% over three months and 63.40% over one year, contrasting with the Sensex’s gains of 0.79% and 7.46% respectively. Year-to-date, Tejas Networks has fallen 13.51%, significantly lagging the Sensex’s 2.43% decline.

Mojo Score and Rating Update

Reflecting the stock’s deteriorating outlook, Tejas Networks holds a Mojo Score of 1.0 and a Mojo Grade of Strong Sell, upgraded from Sell on 20 Oct 2025. This rating signals heightened caution, with the stock’s fundamentals and technicals currently unfavourable. The Market Cap Grade stands at 3, indicating a mid-tier market capitalisation relative to peers in the Telecom - Equipment & Accessories sector.

Volatility and Price Pressure

The high intraday volatility of 30.75% highlights the unsettled trading environment for Tejas Networks. Such volatility often reflects uncertainty among market participants and can exacerbate price declines as stop-loss triggers and short-term traders react to price swings. The persistent downward pressure has pushed the stock to new lows, reinforcing the prevailing negative sentiment.

Summary of Price Trends and Sector Comparison

Tejas Networks’ recent price trajectory has been notably weak, with the stock consistently underperforming its sector and the broader market. The Telecom - Equipment & Accessories sector has also faced headwinds, but Tejas Networks’ losses have been more pronounced. The stock’s inability to hold above key technical levels and its fresh 52-week low of Rs 385 underline the challenges it faces in regaining investor confidence.

Conclusion

On 12 Jan 2026, Tejas Networks Ltd’s stock performance was characterised by significant intraday weakness, high volatility, and sustained selling pressure. The stock’s fall to Rs 385, a new 52-week low, amid a broader market decline and sector underperformance, reflects a cautious market stance. Trading below all major moving averages and carrying a Strong Sell Mojo Grade, the stock remains under pressure with no immediate technical support visible. Investors and market watchers will note the stock’s continued lag relative to the Sensex and its sector peers as it navigates this challenging phase.

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