Why is Tejas Cargo falling/rising?
As of 12-Sep, Tejas Cargo India Ltd is priced at Rs 318.50, down 0.16%, but is trading above all key moving averages and is close to its 52-week high. Despite a slight decline today, the stock has shown positive momentum with an 8.61% increase over the past month, outperforming the Sensex.
As of 12-Sep, Tejas Cargo India Ltd is currently priced at Rs 318.50, reflecting a decrease of Rs 0.5 or 0.16%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in its price performance. Additionally, the stock is close to its 52-week high, being only 2.67% away from Rs 327. Notably, there has been a significant increase in investor participation, with delivery volume rising by 233.33% compared to the 5-day average. However, there is no information available regarding positive or negative factors that could influence the stock's recent movement.In the broader market context, Tejas Cargo's performance over the past week shows a return of 0.47%, which is lower than the Sensex's return of 1.51% during the same period. Over the past month, Tejas Cargo has outperformed the Sensex, with an 8.61% increase compared to the benchmark's 2.56%. This suggests that while the stock is experiencing a slight decline today, it has shown resilience and positive momentum in the longer term relative to the market.
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