Strota/ Newsroom/ 2026-09-07

TEJASNET slid -3.4% on at day's low

Strota Newsroom · session of 2026-09-07 · market close · TEJASNET stock page →

Tejas Networks Ltd. (TEJASNET) slid -3.4% to ₹593.60 with 4 signals firing. Here is what the exchange data shows.

Tejas Networks closed at ₹593.60, down 3.35%, finishing near its day's low of ₹590.05 after touching a high of ₹616.20, and it did so on volume that spiked to 4.2 times its average. Nifty was down 0.50% on the day, so the drop came against a mildly weaker market rather than a sharp sell-off.

The immediate context is a sharp run-up that preceded it. A report from NDTV Profit days earlier noted the shares jumping 9% and gaining 23% in eight sessions, and a MarketSmojo headline flagged a 7.42% surge to the day's high. Tejas Networks is still higher over the past week and 15.61% over the past month, so today's decline looks more like profit-taking after a strong advance than a reversal of the trend.

That is consistent with the technical picture. The stock remains above both its 50-day and 200-day averages within a firm trend template, and while the relative strength index is 60.1, it carries momentum. Tejas sits 7.93% below its 52-week high, and today's drop pulled it below its volume-weighted average price by 0.86%.

The derivatives footprint is empty in the pack, so there is no futures-and-options data to read. On the institutional side, early September saw a flurry of activity across several counters. Around September 4, block prints included buys by HRTI Private Limited at ₹86.26 crore and Jump Trading Financial India at ₹73.32 crore, alongside sells by Jump Trading at ₹68.87 crore, QE Securities LLP at ₹59.24 crore, HRTI at ₹59.18 crore and Microcurves Trading at ₹58.14 crore.

On the day in question, one block was flagged in the session's deal flow, a buy on the other side worth about ₹86 crore. So there is buying interest showing up in the tape even as the share price moved lower on the day.

Overall, the evidence does not establish a single new catalyst for today's 3.35% decline. The most visible footprints are heavy trading volume at the lows, a day that gave back part of a sharp recent rally, and mixed block activity that still carried net buying interest in the counters. Nothing in the pack points to a specific negative event, which supports reading the move as a pullback inside an uptrend rather than a fundamental repricing.

The numbers

Signals that fired

Institutional activity

DateSideCounterpartyType₹ Cr
2026-09-04BUYHRTI PRIVATE LIMITEDOther86.3
2026-09-04BUYJUMP TRADING FINANCIAL INDIA PRIVATE LIMITEDOther73.3
2026-09-04SELLJUMP TRADING FINANCIAL INDIA PRIVATE LIMITEDOther68.9
2026-09-04SELLQE SECURITIES LLPOther59.2
2026-09-04SELLHRTI PRIVATE LIMITEDOther59.2
2026-09-04SELLMICROCURVES TRADING PRIVATE LIMITEDOther58.1

Technical context

Volume ran at 0.8× its 20-day average; rsi(14) sits at 65; price is 7.9% from the 52-week high; trading above the 50-dma and 200-dma.

Recent headlines

Sources

Keep digging

How this article was made: Strota assembled the exchange data above (prices, F&O open interest, bulk/block deals, SEBI PIT filings, indicator readings and public headlines) and an AI model wrote the narrative strictly from that evidence — it is not permitted to add outside facts or numbers. Every figure comes from the underlying exchange/public data.