Terai Tea Co Ltd Sees Increased Buying Activity Amid Recent Price Decline

Terai Tea Co Ltd is currently experiencing notable buying activity, despite a recent decline in its stock price. Today, the stock has reported a decrease of 3.37%, underperforming the Sensex, which fell by only 0.37%. This marks a trend reversal after two consecutive days of gains. The stock opened with a significant gap down of 7.74% and reached an intraday low of Rs 167, reflecting a drop of 10.6% during the trading session.
Over the past month, Terai Tea Co has shown a positive performance with a 6.02% increase, outperforming the Sensex's modest gain of 0.81%. In the longer term, the stock has demonstrated impressive growth, with a 100.56% increase over the past year compared to the Sensex's 9.72%. Additionally, the stock has surged by 489.87% over the last five years, significantly outpacing the Sensex's 139.91% growth in the same period.

The buying pressure may be attributed to the company's strong historical performance and its position within the FMCG sector, despite today's setbacks. The stock remains above its 100-day and 200-day moving averages, indicating a generally positive long-term trend.