Tejas Networks Shows Short-Term Gains Amid Long-Term Downward Trend in IT Hardware Sector

Jan 14 2025 11:15 AM IST
share
Share Via
Tejas Networks saw a significant rise on January 14, 2025, outperforming its sector after four days of decline. Despite this uptick, the stock remains below key moving averages and has experienced a notable decline over the past month, contrasting with the broader IT hardware sector's performance.
Tejas Networks, a midcap player in the IT hardware sector, experienced a notable increase of 5.76% on January 14, 2025, allowing it to outperform its sector by 2.3%. This uptick followed four consecutive days of decline, with the stock reaching an intraday high of Rs 1040.45, marking a 5.35% increase during the trading session.

Despite this recent performance, Tejas Networks is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Over the past month, the stock has declined by 21.19%, in contrast to the Sensex's decrease of 6.47%.

In the broader context, the IT hardware sector has seen a gain of 3.15%, reflecting a mixed performance landscape. Tejas Networks has been part of the MomentumNow Stocks since May 10, 2024, highlighting its ongoing relevance in the market.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News