Key Events This Week
27 Jan: Lower circuit hit amid heavy selling pressure
28 Jan: Upper circuit triggered on strong buying
29 Jan: Consecutive upper circuit with robust demand
30 Jan: Third straight upper circuit close at ₹410.15
27 January 2026: Sharp Decline and Lower Circuit Hit
On 27 January, Tera Software Ltd’s shares plunged to hit the lower circuit limit, closing at ₹354.35, down 1.30% from the previous close, with an intraday low touching ₹341.05, representing a 4.99% decline. This sharp fall was driven by intense selling pressure and panic among investors, with the stock underperforming its sector peers and the broader market. The weighted average price was closer to the day’s low, indicating dominant downward momentum. Despite moderate liquidity with 9,399 shares traded, the stock’s technical indicators showed weakness, trading below all key moving averages, signalling a bearish trend across all timeframes.
28 January 2026: Rebound with Upper Circuit Trigger
The following day, the stock rebounded sharply, hitting the upper circuit limit with a 5.00% gain to close at ₹372.05. This surge was supported by robust buying interest and a remarkable 1,529.26% increase in delivery volumes compared to the five-day average, signalling strong accumulation by long-term investors. The stock outperformed the Computers - Software & Consulting sector, which rose by 0.68%, and the Sensex’s 0.37% gain. The trading volume was modest at 2,570 shares, but the regulatory freeze on further price movement underscored the intensity of demand. Technically, the stock remained above its 200-day moving average but below shorter-term averages, indicating early signs of recovery.
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29 January 2026: Sustained Buying Pushes Another Upper Circuit
Tera Software Ltd continued its upward momentum on 29 January, hitting the upper circuit again with a 5.00% gain to close at ₹390.65. The stock outperformed its sector, which declined by 0.96%, and the Sensex’s modest 0.22% gain. Delivery volumes rose by 46.19% compared to the five-day average, reflecting genuine investor confidence. The total traded volume increased to 3,892 shares, with a turnover of ₹1.57 crore. Technically, the stock closed above its 5-day and 200-day moving averages, signalling strengthening short- and long-term momentum, though resistance remained at intermediate moving averages. The regulatory freeze again halted further price appreciation, leaving unfilled buy orders that indicate latent demand.
30 January 2026: Third Consecutive Upper Circuit Close at ₹410.15
On the final trading day of the week, Tera Software Ltd surged to ₹410.15, marking a 4.99% gain and triggering its third consecutive upper circuit. The stock’s intraday range was ₹378.50 to ₹411.85, with strong buying interest pushing the price to the maximum permissible daily increase. Trading volumes rose significantly to 7,257 shares, with a turnover of ₹1.19 crore. Delivery volumes on 29 January increased by 157.71%, underscoring sustained investor participation. The stock outperformed the Computers - Software & Consulting sector, which declined by 0.75%, and the Sensex, which dipped 0.22%. Technically, the stock remained above its 5-day, 20-day, and 200-day moving averages, indicating a positive trend, though resistance at the 50-day and 100-day averages persists.
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Daily Price Performance: Stock vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-27 | Rs.354.35 | -1.30% | 35,786.84 | +0.50% |
| 2026-01-28 | Rs.372.05 | +5.00% | 36,188.16 | +1.12% |
| 2026-01-29 | Rs.390.65 | +5.00% | 36,266.59 | +0.22% |
| 2026-01-30 | Rs.410.15 | +4.99% | 36,185.03 | -0.22% |
Key Takeaways
Strong Volatility and Recovery: The week began with a sharp decline and a lower circuit hit, reflecting panic selling and technical weakness. However, the stock rebounded strongly with three consecutive upper circuit hits, demonstrating robust buying interest and a potential trend reversal.
Investor Participation: Delivery volumes surged dramatically, particularly on 28 and 30 January, indicating genuine accumulation by long-term investors rather than speculative trading. This supports the sustainability of the recent rally.
Technical Indicators: The stock’s movement above its 5-day and 200-day moving averages signals improving momentum, though resistance remains at intermediate moving averages (20-day, 50-day, 100-day), which may moderate near-term gains.
Market Outperformance: Tera Software Ltd outperformed both its sector and the Sensex throughout the week, highlighting its relative strength amid mixed market conditions and sector weakness on the final trading day.
Micro-Cap Considerations: As a micro-cap stock with a market capitalisation around ₹480 crore, the stock remains susceptible to volatility and liquidity constraints, which investors should consider when assessing risk.
Conclusion
Tera Software Ltd’s week was marked by significant price swings, beginning with a lower circuit hit and culminating in three consecutive upper circuit gains, resulting in a 14.25% weekly appreciation. The stock’s outperformance relative to the Sensex and sector, combined with strong delivery volume growth and technical recovery, reflects renewed investor confidence and robust demand. However, resistance at key moving averages and the company’s micro-cap status suggest that volatility may persist. Investors should monitor upcoming corporate developments and price action closely to assess the sustainability of this momentum.
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