Tejas Networks Sees Surge in Trading Activity Amid Strong Market Performance

Tejas Networks Ltd, a prominent player in the IT - Hardware sector, has emerged as one of the most active equities today, with a total traded volume of 13,903,673 shares and a total traded value of approximately Rs 111.56 lakhs. The stock opened at Rs 714.2 and reached a notable intraday high of Rs 835, reflecting a significant increase of 17.52% during the trading session. Currently, the last traded price stands at Rs 802.95.
In terms of performance, Tejas Networks has outperformed its sector by 3.79%, marking a strong showing as the IT - Hardware industry itself gained 8.14%. Over the past four days, the stock has demonstrated a robust upward trend, accumulating returns of 22.83%. However, it is worth noting that the delivery volume has decreased by 7.89% compared to the five-day average, with a delivery volume of 741,000 shares recorded on March 20.

The stock's trading activity has exhibited a wide range, with fluctuations of Rs 125.8. While the stock is currently trading above its 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. Overall, Tejas Networks continues to show notable activity in the market, reflecting its mid-cap status with a market capitalization of Rs 13,891 crore.