Recent Price Movement and Market Performance
Tejas Networks closed at ₹470.50 on 09 December, down by ₹1.25 or 0.26% as of 9:08 PM. The stock has been under pressure for the past five consecutive trading sessions, losing nearly 9.85% over the week. It also hit a new 52-week low of ₹456.10 during intraday trading, marking a significant technical weakness. The stock’s performance today lagged behind its sector by 1.68%, reflecting broader investor caution.
Further compounding concerns, Tejas Networks is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a bearish technical setup. Despite a rise in delivery volume to 3.38 lakh shares on 8 December, which was 4.71% higher than the five-day average, the incr...
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