Why is Tejas Cargo falling/rising?
As of 17-Sep, Tejas Cargo India Ltd's stock price is at 305.00, down 4.24%, underperforming its sector despite increased investor interest with a 200% rise in delivery volume. The stock has shown volatility, declining 4.39% over the past week while gaining 5.17% over the past month, amidst a generally positive market trend.
As of 17-Sep, Tejas Cargo India Ltd is experiencing a decline in its stock price, currently at 305.00, which represents a decrease of 13.5 or 4.24%. The stock has underperformed its sector by 4.33% today, despite having higher prices than the 50-day, 100-day, and 200-day moving averages. However, it is lower than the 5-day and 20-day moving averages. Notably, there has been a significant increase in investor participation, with delivery volume rising by 200% against the 5-day average, indicating heightened interest. The stock's performance over the past week shows a decline of 4.39%, while it has gained 5.17% over the past month, suggesting some volatility in its recent performance.In the broader market context, the Sensex has increased by 1.43% over the past week and 2.84% over the past month, indicating that Tejas Cargo's decline is occurring against a backdrop of positive market performance. The stock's liquidity appears adequate, as it is based on 2% of the 5-day average traded value, allowing for trades of Rs 0.01 crore. However, without specific positive or negative factors available, it is challenging to pinpoint the exact reasons for the stock's current downward trend beyond the comparative performance metrics.
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