Tejas Networks Faces Continued Stock Decline Amid Broader Market Challenges

Tejas Networks, a midcap player in the IT-Hardware sector, has experienced a notable decline today, with its stock price dropping by 5.36% as of April 25, 2025. This performance marks a continuation of a downward trend, as the stock has now fallen for three consecutive days, resulting in a total decline of 5.88% over this period.
In terms of market positioning, Tejas Networks has underperformed its sector, which has seen an overall decline of 3.73%. The stock reached an intraday low of Rs 838.5, reflecting a significant drop of 5.3% during the trading session.

When examining moving averages, the stock is currently above its 20-day and 50-day moving averages but below its 5-day, 100-day, and 200-day averages, indicating mixed short-term performance.

In the broader market context, the Sensex has also faced challenges, falling sharply by 1,202.51 points to 78,627.64, a decline of 1.47%. Tejas Networks' performance over various time frames shows a year-to-date decline of 29.25% and a one-year drop of 19.80%, contrasting with the Sensex's positive performance of 0.67% and 5.81%, respectively.