Tejas Networks Stock Sees 3.15% Increase, Listed as Momentumnow Stock on MarketsMOJO

Tejas Networks, a leading IT hardware company, saw a 3.15% increase in its stock price on October 30, 2024. The stock has been given a 'Hold' call by MarketsMOJO, a leading stock market analysis platform. It has also been listed as part of the Momentumnow Stocks on MarketsMOJO since May 10, 2024.

In terms of performance, Tejas Networks underperformed the IT - Hardware sector by -1.56% on the day. However, the stock has shown a trend reversal by gaining after four consecutive days of falling. It also touched an intraday high of Rs 1288.3, showing a 3.5% increase.

When compared to moving averages, Tejas Networks' stock is currently higher than the 20-day, 50-day, and 200-day moving averages. However, it is lower than the 5-day and 100-day moving averages. In the IT - Hardware sector, the stock has gained by 3.89%.

On a broader scale, Tejas Networks' stock has outperformed the Sensex by 1.44% in the past day and 5.41% in the past month. This is in contrast to the Sensex's performance of -0.37% and -5.02% in the same time periods, respectively.

Overall, Tejas Networks' stock has shown positive movement and is currently holding a 'Hold' call from MarketsMOJO. Investors can keep an eye on the stock's performance in the IT - Hardware sector as it continues to show potential for growth.