Why is Tejas Cargo falling/rising?
As of 26-Jun, Tejas Cargo India Ltd's stock price has risen to Rs. 190.00, up 8.91%, and has reached a new all-time high of Rs. 198. The stock has significantly outperformed its sector and the Sensex, with a notable increase in investor participation.
As of 26-Jun, Tejas Cargo India Ltd is experiencing a significant rise in its stock price, currently at Rs. 190.00, reflecting an increase of Rs. 15.55 or 8.91%. The stock has recently hit a new 52-week and all-time high of Rs. 198 today, indicating strong upward momentum. Additionally, it has outperformed its sector by 8.11% and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a remarkable increase in investor participation, with delivery volume rising by 931.25% against the 5-day average, suggesting heightened interest and confidence among investors. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Tejas Cargo's performance over the past week shows a return of +10.79%, significantly outperforming the Sensex, which has only increased by +3.05% during the same period. Over the past month, the stock has also outperformed the benchmark, with a return of +13.13% compared to the Sensex's +2.19%. This strong performance relative to the benchmark indicates that investor sentiment towards Tejas Cargo is particularly positive, contributing to its rising stock price.
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