TEJASNET - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.0
| Stock Code | TEJASNET | Market Cap | 7,379 Cr. | Current Price | 415 ₹ | High / Low | 762 ₹ |
| Book Value | 165 ₹ | Dividend Yield | 0.60 % | ROCE | -14.7 % | ROE | -27.0 % |
| Face Value | 10.0 ₹ | DMA 50 | 416 ₹ | DMA 200 | 510 ₹ | Chg in FII Hold | -0.66 % |
| Chg in DII Hold | -0.44 % | PAT Qtr | -218 Cr. | PAT Prev Qtr | -197 Cr. | RSI | 48.6 |
| MACD | -1.73 | Volume | 19,48,335 | Avg Vol 1Wk | 17,23,042 | Low price | 294 ₹ |
| High price | 762 ₹ | Debt to equity | 1.42 | 52w Index | 25.9 % | Qtr Profit Var | -252 % |
| EPS | -51.6 ₹ | Industry PE | 53.8 |
📈 Chart & Trend: TEJASNET is trading near its 50 DMA (416 ₹) but well below the 200 DMA (510 ₹), reflecting weak medium-term structure. RSI at 48.6 indicates neutral-to-weak momentum, while MACD at -1.73 shows bearish crossover. Bollinger Bands remain moderately tight, suggesting consolidation with downside risk.
🔑 Momentum Signals: Current price (415 ₹) is hovering around 50 DMA support. Key support lies at 400–410 ₹, while resistance is seen at 430 ₹ and 450 ₹. Volume (19.5L) is slightly above the 1-week average (17.2L), showing speculative participation but not strong conviction.
🎯 Entry Zone: 400–410 ₹ for speculative exposure.
💰 Exit Zone: 430 ₹ (partial profit) and 450 ₹ (full exit).
📊 Trend Status: Consolidating with bearish bias.
Positive
- Book value at 165 ₹ provides asset backing.
- Dividend yield at 0.60% offers minor shareholder return.
- Volume slightly above weekly average supports short-term trades.
Limitation
- Negative ROCE (-14.7%) and ROE (-27.0%) highlight poor efficiency.
- EPS at -51.6 ₹ reflects deep losses.
- High debt-to-equity ratio (1.42) increases financial risk.
- Price below 200 DMA confirms weak medium-term trend.
- MACD negative crossover signals bearish momentum.
Company Negative News
- Quarterly losses widened (PAT -218 Cr. vs -197 Cr.).
- FII holdings reduced (-0.66%) and DII holdings reduced (-0.44%).
- Quarterly profit variation at -252% shows severe earnings deterioration.
Company Positive News
- Price rebounded from 52-week low (294 ₹), offering speculative upside.
- Dividend yield maintained despite losses.
Industry
- Industry PE at 53.8 indicates sector remains richly valued.
- Telecom/Networking sector faces high competition and margin pressures.
Conclusion
TEJASNET is consolidating near 50 DMA with bearish bias, supported by negative MACD and weak fundamentals. Entry near 400–410 ₹ is only suitable for speculative trades with exits at 430–450 ₹. Long-term investment remains unattractive due to persistent losses, high debt, and poor efficiency metrics. Best approached with caution and strict risk management.