Tejas Networks Shows Active Trading Amid Mixed Investor Participation Trends

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 3,217,508 shares and a total traded value of approximately Rs 233.66 crores. The stock opened at Rs 695.60 and reached a day high of Rs 740.00, reflecting a notable intraday increase of 6.59%. In contrast, the previous close was Rs 692.85, indicating a positive shift in market sentiment.
Despite this uptick, Tejas Networks is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a mixed performance relative to its recent trends. The stock has outperformed its sector, which gained 3.32%, by 2.62%. However, there has been a decline in investor participation, with delivery volume dropping by 38.2% compared to the 5-day average.

With a market capitalization of Rs 13,021.41 crores, Tejas Networks continues to maintain a liquid trading environment, suitable for transactions up to Rs 1.33 crores. Overall, the stock's performance today highlights significant activity amid fluctuating investor engagement.