⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
TEJASNET - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.6
| 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 |
📊 Technical Analysis
- Chart Patterns: Stock is trading above 50 DMA (₹408) but below 200 DMA (₹537), showing mixed signals. Support at ₹408, resistance around ₹537–₹600.
- Moving Averages: Current price (₹448) is above 50 DMA but below 200 DMA, suggesting consolidation with bearish undertone.
- RSI: 58.2 — neutral to slightly bullish, indicating moderate strength.
- MACD: 23.8 — bullish crossover, momentum turning positive.
- Bollinger Bands: Price near mid-band, suggesting stability with potential upside.
- Volume Trends: Current volume (57.7L) lower than 1-week average (121.9L), showing reduced participation and caution among traders.
📈 Momentum & Signals
- Short-term Momentum: Improving with bullish MACD and neutral RSI.
- Entry Zone: ₹430–₹450 (near support).
- Exit Zone: ₹537–₹600 (first resistance), ₹650 (next resistance).
- Trend Status: Consolidation with early signs of reversal; breakout above ₹537 would confirm bullish trend.
✅ Positive
- Book value at ₹188 provides valuation cushion.
- ROE at 12.6% and ROCE at 15.4% show efficient capital use.
- Dividend yield of 0.56% offers investor incentive.
⚠️ Limitation
- Stock trading below 200 DMA, limiting long-term bullish confirmation.
- High debt-to-equity ratio (1.29) raises financial risk concerns.
- Negative EPS (-43.0 ₹) reflects weak profitability.
📰 Company Negative News
- Consistent losses with PAT at -197 Cr (vs -307 Cr previous quarter).
- Quarterly profit variation at -219%, showing worsening financials.
- Stock corrected sharply from 52-week high of ₹914 to current ₹448.
🌟 Company Positive News
- Losses narrowed compared to previous quarter (PAT -197 Cr vs -307 Cr).
- RSI and MACD show improving momentum, hinting at possible recovery.
🏭 Industry
- Industry PE at 50.0, much higher than company’s negative EPS, showing sector strength but company underperformance.
- Telecom and networking sector remains competitive with digital infrastructure demand.
🔎 Conclusion
- TEJASNET is consolidating with early bullish signals but weak fundamentals.
- Short-term traders may consider entry near ₹430–₹450 with exit around ₹537–₹600.
- Breakout above ₹537 could trigger reversal towards ₹650.
- Long-term investors should remain cautious due to high debt and negative earnings despite improving momentum.