Tejas Networks Faces Significant Stock Decline Amid Broader IT-Hardware Challenges

Tejas Networks, a midcap player in the IT-Hardware sector, has experienced a significant decline of 5.06% on March 10, 2025. This drop comes as the broader IT-Hardware industry also faced challenges, falling by 3.24%. The stock reached an intraday low of Rs 691.95, marking a decrease of 6.09% during the trading session.
In terms of performance metrics, Tejas Networks has underperformed compared to the Sensex, which is down by only 0.29% today. Over the past week, the stock has declined by 2.83%, while the Sensex has gained 1.41%. A longer view reveals a troubling trend, with Tejas Networks down 18.40% over the past month and a staggering 47.02% over the last three months. Year-to-date, the stock has lost 40.93%, contrasting sharply with the Sensex's decline of just 5.15%.

Currently, Tejas Networks is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. As the market continues to fluctuate, the performance of Tejas Networks remains a focal point for observers in the IT-Hardware sector.