TEJASNET Extended the loss, Crashes to Multi-Year Low
Shares of Tejas Networks (
TEJASNET
) fell as much as 12.68% on 12 January 2026, extending losses for the third straight session. The stock touched a fresh 52-week low of ₹364.25, its lowest level since 9 March 2022, indicating persistent selling pressure. From its peak of ₹1,495 in June 2024, the stock has corrected over 75%, underscoring a sharp erosion in market value. The decline was accompanied by elevated volumes of 2.06 crore shares, significantly above the average and the highest since 4 April 2025, suggesting strong distribution by market participants. On the technical front, ₹360 may act as an immediate support level. Overall sentiment may remains weak, and price stability will be crucial going forward.
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