Terai Tea Co Ltd Achieves New Milestone with 3.90% Daily Gain Amid Market Decline

Terai Tea Co Ltd is witnessing significant buying activity, with the stock gaining 3.90% today, contrasting sharply with the Sensex, which has declined by 0.93%. Over the past week, Terai Tea has increased by 6.95%, while the Sensex has dropped 2.05%. This trend continues over longer periods, with the stock up 35.95% in the last three months compared to the Sensex's 7.34% gain and an impressive 114.72% rise over the past year against the Sensex's 8.92%.
The stock has shown consecutive gains, rising for the last two days with a total return of 4.01% during this period. Today, it reached an intraday high of Rs 193.25, reflecting strong buyer sentiment. Additionally, Terai Tea Co is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.

Factors contributing to this buying pressure may include positive market sentiment within the FMCG sector and the company's strong historical performance, particularly over the past three and five years, where it has outperformed the Sensex significantly.