Tejas Networks Stock Declines by -3.17% Amidst 'Sell' Call from MarketsMOJO

Sep 18 2024 01:50 PM IST
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Tejas Networks, a leading IT hardware company, saw a -3.17% decline in its stock price on September 18, 2024. According to MarketsMojo, the stock has been given a 'Sell' call and has been underperforming the sector by -1.08%. It has also been on a downward trend for the past three days, with a fall of -4.63%. Investors should monitor its performance closely.


Tejas Networks, a leading IT hardware company, has seen a decline in its stock price by -3.17% on September 18, 2024. According to MarketsMOJO, the stock has been given a 'Sell' call. It has also been listed as part of the Momentumnow Stocks on MarketsMOJO since May 10, 2024.

In terms of performance, Tejas Networks has underperformed the sector by -1.08% on the day. The stock has been on a downward trend for the past three days, with a fall of -4.63% during this period. On September 18, the stock touched an intraday low of Rs 1213.6, showing a decline of -3.3%.

When compared to moving averages, Tejas Networks' stock is currently higher than the 200-day moving average but lower than the 5-day, 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend in the stock's performance.

On the same day, Tejas Networks' stock performance was -3.19%, while the Sensex's performance was -0.21%. In the past month, the stock's performance has been 0.34%, while the Sensex's performance has been 3.07%.

Overall, Tejas Networks' stock has seen a decline in its price and has been underperforming in the market. Investors should keep an eye on the stock's performance in the coming days to make informed decisions.
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