Tejas Networks' Stock Declines by -3.16% After 'Hold' Label from MarketsMOJO

Tejas Networks, a leading IT hardware company, has seen a decline in its stock price by -3.16% on October 22, 2024. This comes after a recent stock call by MarketsMOJO, which has labeled the stock as 'Hold'. The stock has been a part of Momentumnow Stocks on MarketsMOJO since May 10, 2024.

In terms of performance, Tejas Networks has underperformed the IT - Hardware sector by -0.81% today. The stock has also shown a trend reversal, falling after two consecutive days of gains. However, it did open with a gain of 2% today and touched an intraday high of Rs 1350 (2.4%). On the other hand, the stock also touched an intraday low of Rs 1274.95 (-3.3%).

Looking at the moving averages, Tejas Networks' stock is currently higher than the 5-day, 20-day, 50-day, and 200-day moving averages. However, it is lower than the 100-day moving average. In terms of sector performance, IT - Hardware has fallen by -3.21%.

Comparing the performance of Tejas Networks with the Sensex, the stock has shown a decline of -3.29% in the past day, while the Sensex has only declined by -0.57%. In the past month, Tejas Networks has shown a positive performance of 4.44%, while the Sensex has declined by -4.56%.

Overall, Tejas Networks' stock has shown a mixed performance in the past day and month. Investors should keep an eye on the stock's performance and the IT - Hardware sector as a whole.