Intraday Price Movement and Volatility
The stock of Tera Software opened at ₹446.00, marking a gap down of 3.62% from the previous close. However, it rallied strongly during the trading session, touching an intraday high of ₹485.85, which corresponds to the maximum permissible price band of 5%. This price action resulted in a day’s gain of 4.99%, the highest daily return recorded for the stock in recent sessions.
Intraday volatility was elevated at 5.7%, indicating heightened price fluctuations throughout the day. The weighted average price suggested that a larger volume of shares traded closer to the day’s low, signalling initial selling pressure that was later overwhelmed by aggressive buying interest pushing the price to the upper circuit.
Trading Volumes and Liquidity
Trading volumes for Tera Software were recorded at approximately 8,963 shares (0.08963 lakhs), with a turnover of ₹0.41 crore. While the volume is modest, it is sufficient to support trades of up to ₹0.03 crore based on 2% of the five-day average traded value, indicating reasonable liquidity for a micro-cap stock.
Delivery volumes on 24 Nov 2025 rose sharply by 156.3% compared to the five-day average, reaching 7,080 shares. This surge in delivery volume reflects a rising investor participation and confidence in the stock, which may have contributed to the strong buying momentum observed on 25 Nov.
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Technical Positioning and Moving Averages
Tera Software’s current price level stands above its 50-day, 100-day, and 200-day moving averages, indicating a longer-term positive trend. However, it remains below the 5-day and 20-day moving averages, suggesting some short-term resistance that the stock is attempting to overcome. The recent price action breaking the upper circuit limit may signal a potential shift in market sentiment after a period of consolidation and decline.
Sector and Market Comparison
On the day, Tera Software outperformed the Computers - Software & Consulting sector, which recorded a decline of 0.62%. The broader Sensex index remained largely flat with a marginal gain of 0.02%. This relative strength highlights the stock’s distinct momentum compared to its peers and the overall market environment.
As a micro-cap company with a market capitalisation of ₹575 crore, Tera Software’s price movements can be more volatile and susceptible to sharp swings driven by focused investor interest and trading activity.
Regulatory Freeze and Unfilled Demand
With the stock hitting the upper circuit limit, trading in Tera Software shares has been subject to a regulatory freeze to prevent excessive volatility and ensure orderly market conditions. This freeze restricts further buying and selling beyond the price band, leading to unfilled demand as buyers remain eager to acquire shares at the capped price.
The presence of unfilled buy orders at the upper circuit level often indicates strong bullish sentiment and anticipation of further price appreciation once the freeze is lifted. Investors and market participants will be closely monitoring subsequent sessions for confirmation of sustained buying interest or potential profit-taking.
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Outlook and Investor Considerations
Investors analysing Tera Software should consider the stock’s recent price volatility and the implications of hitting the upper circuit limit. While the strong buying pressure and reversal after multiple sessions of decline may indicate renewed interest, the micro-cap nature of the company suggests that price swings could continue to be pronounced.
Market participants should also weigh the stock’s performance relative to sector peers and broader indices, alongside technical indicators such as moving averages and volume trends. The regulatory freeze and unfilled demand at the upper circuit price highlight the need for caution and close monitoring of subsequent trading sessions to assess whether the momentum can be sustained.
Given the stock’s liquidity profile and trading volumes, investors should be mindful of potential price gaps and volatility when planning entry or exit strategies.
Company Profile
Tera Software operates within the Computers - Software & Consulting industry, focusing on software development and consulting services. As a micro-cap entity, it occupies a niche segment within the broader technology sector, with a market capitalisation of ₹575 crore. The company’s stock performance is closely watched by investors seeking exposure to emerging software and consulting firms with growth potential.
Summary
On 25 Nov 2025, Tera Software’s stock demonstrated a notable turnaround by hitting the upper circuit limit of 5%, closing at ₹485.85 after opening lower. The session was marked by high volatility, strong buying interest, and increased delivery volumes, signalling a shift in market sentiment. Despite the regulatory freeze limiting further price movement, the unfilled demand at the upper circuit price underscores investor enthusiasm. Market watchers will be attentive to upcoming sessions to gauge whether this momentum can be maintained amid the stock’s micro-cap characteristics and sector dynamics.
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