Why is Tejas Cargo falling/rising?
As of 22-Sep, Tejas Cargo India Ltd's stock price is at 305.00, unchanged, with a short-term decline of -4.24% over the past week, contrasting with a +2.69% gain over the month. Despite outperforming its sector by 0.82%, a significant drop in delivery volume indicates reduced investor interest, while mixed momentum is suggested by its performance relative to moving averages.
As of 22-Sep, Tejas Cargo India Ltd's stock price is currently at 305.00, showing no change (0.00%). The stock has underperformed in the short term, with a 1-week return of -4.24%, while it has performed better over the past month with a return of +2.69%. Today's price summary indicates that the stock has outperformed its sector by 0.82%. However, it is noteworthy that the stock's delivery volume has significantly decreased by 71.83% compared to the 5-day average, suggesting falling investor participation. Additionally, while the stock is trading higher than its 50-day, 100-day, and 200-day moving averages, it is lower than its 5-day and 20-day moving averages, indicating mixed momentum.In the broader market context, the Sensex has shown a positive return of +0.53% over the past week and +1.34% over the past month, contrasting with Tejas Cargo's recent decline. This suggests that while the overall market is experiencing gains, Tejas Cargo is struggling to keep pace, which may reflect specific challenges faced by the company or sector. The lack of available positive or negative dashboard data limits further insights into the specific factors influencing the stock's performance.
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