Tejas Networks Shows Increased Trading Activity Amid Mixed Performance Indicators

Tejas Networks Ltd, a prominent player in the IT Hardware sector, has emerged as one of the most active equities today, with a total traded volume of 2,357,706 shares and a total traded value of approximately Rs 168.14 crores. The stock opened at Rs 697.00 and reached an intraday high of Rs 724.45, reflecting a notable increase of 4.89% during the trading session. As of the latest update, the last traded price stands at Rs 704.15, marking a 3.66% return for the day, which outperformed the sector's return of 1.49% and the Sensex's slight decline of 0.14%.
Despite this positive performance, the stock's delivery volume has seen a decline, with a reported 739,000 shares delivered on May 7, down 32.87% compared to the five-day average. Additionally, while Tejas Networks is currently trading above its five-day moving averages, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages. The company's market capitalization is approximately Rs 12,172 crores, categorizing it as a mid-cap stock. Overall, Tejas Networks has demonstrated significant activity today, reflecting its current market position and performance metrics.