Tera Software Ltd Faces Selling Pressure with 2.00% Decline, Marking Fourth Consecutive Loss

Tera Software Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced a consecutive decline over the past four days, resulting in a total loss of 6.27% during this period. Today, Tera Software's stock opened with a gap down of 2%, reaching an intraday low of Rs 455.8, reflecting a 2% decrease.
In terms of performance relative to the broader market, Tera Software has underperformed against the Sensex, which has gained 0.29% today. Over the past week, the stock has declined by 4.40%, while the Sensex has risen by 1.27%. Despite a strong performance over the past month, where Tera Software saw a 25.91% increase compared to the Sensex's 1.12%, the recent trend indicates a shift in sentiment.

Potential contributing factors to the selling pressure may include profit-taking after substantial gains, as Tera Software has shown remarkable growth over longer periods, including a staggering 436.24% increase over the past year. The stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, but is currently below its 5-day moving average, indicating a short-term weakness.