Intraday Price Movement and Trading Activity
The stock of Tera Software Ltd opened the day with positive sentiment and quickly escalated to touch an intraday high of ₹392.80, representing a 5% increase from the previous close. This price movement triggered the maximum permissible daily price band of ₹16.85, or 5%, resulting in the stock hitting the upper circuit limit. The lower price for the day was ₹369.05, indicating a strong upward price range and volatility within the session.
Trading volumes were moderate, with a total traded volume of approximately 41,082 shares (0.41082 lakhs) and a turnover of ₹1.57 crore. Notably, the weighted average price of traded shares was closer to the day’s low, suggesting that while the stock surged towards the upper band, a significant portion of volume was executed at lower price points earlier in the session.
Strong Buying Pressure and Investor Participation
Investor participation has been on the rise, as evidenced by the delivery volume of 14,170 shares on 28 Jan 2026, which surged by 46.19% compared to the five-day average delivery volume. This increase in delivery volume indicates genuine buying interest rather than speculative intraday trading, reinforcing the sustainability of the recent price gains.
Moreover, the stock has recorded consecutive gains over the last two trading sessions, accumulating a return of 9.88% during this period. This positive momentum reflects growing investor confidence in Tera Software Ltd’s prospects amid a challenging sector environment.
Technical Indicators and Moving Averages
From a technical standpoint, Tera Software Ltd’s last traded price remains above its 5-day and 200-day moving averages, signalling short-term and long-term bullish trends. However, it is still trading below its 20-day, 50-day, and 100-day moving averages, indicating some resistance levels that the stock needs to overcome to sustain a longer-term uptrend.
The stock’s relative strength is further highlighted by its outperformance of the sector, which declined by 0.96% on the same day, and the Sensex, which posted a marginal gain of 0.19%. This divergence underscores the stock’s resilience and potential as a selective investment within the Computers - Software & Consulting sector.
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Regulatory Freeze and Market Impact
The upper circuit hit automatically triggered a regulatory freeze on further trading in Tera Software Ltd shares for the remainder of the day. This mechanism is designed to curb excessive volatility and protect investors from abrupt price swings. The freeze also indicates that the stock experienced maximum allowable gains within the trading session, reflecting intense demand that outstripped available supply.
Unfilled demand remains a critical factor as the stock closed near its upper price band with limited liquidity. The stock’s liquidity, measured at approximately 2% of the five-day average traded value, supports trade sizes of around ₹0.02 crore, which is adequate for retail and small institutional investors but may constrain larger trades.
Fundamental and Market Context
Tera Software Ltd operates within the Computers - Software & Consulting industry and holds a micro-cap market capitalisation of ₹480 crore. The company’s Mojo Score stands at 78.0, with a current Mojo Grade of Buy, recently adjusted from a Strong Buy on 5 Dec 2025. This slight downgrade reflects a cautious stance amid recent price volatility but still endorses the stock as a favourable investment option.
The company’s recent performance and technical indicators suggest potential for further appreciation, especially if it can break above the medium-term moving averages. Investors should monitor volume trends and sector developments closely, as the broader Computers - Software & Consulting sector has faced headwinds, making Tera Software Ltd’s outperformance noteworthy.
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Investor Takeaway and Outlook
The recent upper circuit event for Tera Software Ltd highlights a surge in investor interest and a potential inflection point for the stock. The combination of strong buying pressure, increased delivery volumes, and technical support from short- and long-term moving averages suggests that the stock could continue to attract attention in the near term.
However, investors should remain mindful of the stock’s micro-cap status and relatively modest liquidity, which can amplify price swings. The regulatory freeze mechanism, while protective, also limits immediate trading opportunities once price bands are hit. As such, a cautious approach with attention to volume and sector trends is advisable.
Overall, Tera Software Ltd’s performance on 29 Jan 2026 reinforces its standing as a Buy-rated stock with solid momentum, supported by a Mojo Score of 78.0 and a recent upgrade trajectory. Market participants looking for exposure in the Computers - Software & Consulting sector may find this stock an attractive candidate for further analysis and potential inclusion in their portfolios.
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