TEJASNET - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | TEJASNET | Market Cap | 8,283 Cr. | Current Price | 466 ₹ | High / Low | 752 ₹ |
| Book Value | 165 ₹ | Dividend Yield | 0.53 % | ROCE | -14.7 % | ROE | -27.0 % |
| Face Value | 10.0 ₹ | DMA 50 | 438 ₹ | DMA 200 | 503 ₹ | Chg in FII Hold | -0.66 % |
| Chg in DII Hold | -0.44 % | PAT Qtr | -218 Cr. | PAT Prev Qtr | -197 Cr. | RSI | 55.8 |
| MACD | 10.0 | Volume | 25,48,189 | Avg Vol 1Wk | 49,09,179 | Low price | 294 ₹ |
| High price | 752 ₹ | Debt to equity | 1.42 | 52w Index | 37.6 % | Qtr Profit Var | -252 % |
| EPS | -51.6 ₹ | Industry PE | 63.6 |
📊 Chart Analysis: TEJASNET trades at ₹466, above its 50 DMA (₹438) but below the 200 DMA (₹503), showing short-term strength but medium-term weakness. RSI at 55.8 indicates neutral-to-slightly bullish momentum. MACD at 10.0 is positive, suggesting a mild bullish crossover. Bollinger Bands place the price near the midline, pointing to consolidation. Current volume (25.5L) is significantly below the 1-week average (49.1L), reflecting reduced participation.
📈 Momentum Signals: Short-term momentum is mildly bullish. Sustained trade above ₹470 could trigger upside, while a drop below ₹450 risks renewed weakness.
💡 Entry Zone: ₹440–₹465 (support near 50 DMA).
🚪 Exit Zone: ₹500–₹520 (resistance near 200 DMA and trendline).
🔎 Trend Status: The stock is consolidating after a steep fall from ₹752, with weak fundamentals limiting strong reversal potential.
Positive
- 📌 Book value of ₹165 provides some asset backing.
- 📌 Dividend yield of 0.53% offers minor shareholder return.
- 📌 Strong 52-week rebound potential (37.6% index performance).
Limitation
- ⚠️ Negative ROCE (-14.7%) and ROE (-27.0%) highlight poor efficiency.
- ⚠️ EPS at -51.6 ₹ reflects sustained losses.
- ⚠️ High debt-to-equity ratio (1.42) increases financial risk.
Company Negative News
- ❌ PAT worsened from -197 Cr. to -218 Cr., showing deeper losses.
- ❌ FII (-0.66%) and DII (-0.44%) holdings declined, signaling reduced institutional confidence.
Company Positive News
- ✅ MACD positive crossover suggests short-term bullish momentum.
- ✅ RSI neutral, leaving room for potential upside before overbought levels.
Industry
- 🌐 Telecom & networking sector remains competitive with high growth potential.
- 🌐 Industry PE at 63.6 shows investor optimism, though TEJASNET’s losses prevent valuation alignment.
Conclusion
📌 TEJASNET is consolidating with mild bullish signals but weak fundamentals. Traders may consider entries near ₹440–₹465 and exits around ₹500–₹520. However, persistent losses, high debt, and declining institutional interest make this a speculative short-term play rather than a long-term investment.
For deeper clarity, we could refine support and resistance mapping, expand on volume analysis to confirm momentum, or dive into MACD and RSI signals for short-term trading cues.