TEJASNET - IntraDay Trade Analysis with Live Signals
Back to ListIntraDay Trade Rating: 3.9
| Stock Code | TEJASNET | Market Cap | 7,963 Cr. | Current Price | 448 ₹ | High / Low | 914 ₹ |
| Book Value | 188 ₹ | Dividend Yield | 0.56 % | ROCE | 15.4 % | ROE | 12.6 % |
| Face Value | 10.0 ₹ | DMA 50 | 408 ₹ | DMA 200 | 537 ₹ | Chg in FII Hold | -0.29 % |
| Chg in DII Hold | -0.03 % | PAT Qtr | -197 Cr. | PAT Prev Qtr | -307 Cr. | RSI | 58.2 |
| MACD | 23.8 | Volume | 57,69,355 | Avg Vol 1Wk | 1,21,96,986 | Low price | 294 ₹ |
| High price | 914 ₹ | Debt to equity | 1.29 | 52w Index | 24.8 % | Qtr Profit Var | -219 % |
| EPS | -43.0 ₹ | Industry PE | 50.0 |
📊 Analysis: TEJASNET shows moderate intraday potential today. RSI at 58.2 indicates mild bullish momentum, while MACD (23.8) is positive, confirming upward bias. However, volume (57.7 lakh) is significantly lower than the 1-week average (1.21 crore), suggesting reduced participation. The stock is trading above its 50 DMA (408 ₹) but below 200 DMA (537 ₹), reflecting short-term strength with medium-term weakness.
💹 Optimal Buy Price: 440–448 ₹ (near current support zone).
🎯 Profit-Taking Levels: 465 ₹ (first resistance), 490–500 ₹ (next resistance zone).
🛑 Stop-Loss: 430 ₹ (protective support).
📈 If Already Holding: Exit intraday if price fails to sustain above 445 ₹ with weakening momentum or volume. Protective exit below 430 ₹. Book partial profits near 465–490 ₹ if momentum sustains.
Positive
- MACD positive (23.8), confirming bullish bias.
- RSI at 58.2 indicates healthy momentum.
- Quarterly losses reduced (PAT -197 Cr. vs -307 Cr.).
- Stock trading above 50 DMA (408 ₹), showing short-term strength.
Limitation
- Stock trades below 200 DMA (537 ₹), showing medium-term weakness.
- EPS is negative (-43.0 ₹), reflecting poor profitability.
- Debt-to-equity ratio at 1.29 indicates high leverage.
- Volume lower than average, suggesting weaker intraday participation.
Company Negative News
- Consistent losses despite improvement in quarterly results.
- FII holdings decreased (-0.29%) and DII holdings also declined (-0.03%).
Company Positive News
- Quarterly losses narrowed, showing recovery trend.
- Dividend yield of 0.56% provides some investor confidence.
- Book value at 188 ₹ indicates asset backing.
Industry
- Industry PE at 50.0, reflecting premium valuations in the sector.
- TEJASNET trades at a discount due to weak fundamentals compared to peers.
Conclusion
⚖️ TEJASNET earns a moderate intraday rating (3.9). Positive MACD and RSI support bullish bias, but weak fundamentals, high debt, and reduced volume participation limit upside. Best strategy: Buy near 440–448 ₹, target 465–490 ₹, and protect downside at 430 ₹. Intraday traders should remain cautious and book profits quickly.
Selva, TEJASNET looks technically stronger than TTML but weaker than TECHNOE due to debt and volume concerns. Would you like me to prepare a basket overlay comparing TEJASNET, TECHNOE, TECHM, and TTML so you can see intraday capital rotation across telecom and tech peers?