Tejas Networks Experiences Revision in Stock Score Amid Broader Market Decline in Q1 2025

Tejas Networks, a prominent player in the IT hardware sector, has recently undergone an adjustment in its evaluation, reflecting the challenges it has faced in the market. On January 9, 2025, the stock experienced a decline of 4.01%, contributing to a broader trend of underperformance, as it lagged behind its sector by 3.15%. This downturn marks a notable two-day decline of 5.64%, indicating a sustained struggle for the company.
The stock reached an intraday low of Rs 1102.5, showcasing a decrease of 3.88%. Analyzing its moving averages reveals that Tejas Networks is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which underscores a persistent downward trajectory.

In comparison to the broader market, Tejas Networks' performance stands out, particularly against the Sensex, which only fell by 0.59% on the same day. Over the past month, the company's stock has seen a significant decline of 17.60%, while the Sensex has decreased by a comparatively modest 4.69%.

In light of these developments, Tejas Networks has been added to MarketsMOJO's list, reflecting a revision in its score that aligns with the current market dynamics. Investors and analysts will be closely monitoring the company's performance as it navigates these challenging conditions.