Tega Industries shares rose over 6% on September 30 amid a broader market rebound, according to reports from LiveMint. The stock hit an intraday high of ₹2,197.50, reflecting strong momentum despite muted broader market performance. As per Upstox, the stock opened at ₹2,080.20 compared to its previous close of ₹2,060.60, with trading moving in the range of ₹2,072.10 to ₹2,198.00 during the session. The Indian stock market rebounded across most sectors after a two-day sell-off, though persistent foreign selling and elevated oil prices continued to weigh on sentiment.
The stock has demonstrated impressive performance across multiple timeframes, as reported by LiveMint. Over one month, Tega Industries shares have gained 29.94%, while weekly performance stands at 3.67% and two-week gains reached 25.42%. Over longer horizons, the stock has gained 27.09% in three months and 30.08% in six months. Sudeep Shah, Vice President – Technical and Derivatives Research at SBI Securities, noted that the stock broke out of a downward-sloping trendline three weeks ago, supported by healthy volume increases. He identified ₹2,060–₹2,050 as immediate support with the uptrend likely to remain intact above this level.
Tega Industries declared a final dividend of ₹2 per equity share for FY26 at its 50th Annual General Meeting held on September 24, 2026, according to LiveMint. The payout represents a 20% return on the face value of ₹10 per share. Shareholders approved the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, and reappointed Madan Mohan Mohanka as a director. A special resolution was passed approving remuneration payable to Mohanka in his capacity as Chairman and Non-Executive Director.
The stock hit a 52-week high of ₹2,135 on September 21 following a significant contract announcement, as reported by LiveMint. Tega McNally Minerals, a wholly owned material subsidiary, entered into a contract worth ₹126 crore with Kalpataru Projects International. The contract covers design, engineering, manufacture, inspection, transportation, supply, supervision of erection, testing, commissioning and performance guarantee demonstration for the project, expected to be executed over 14 months.
Tega Industries expects to reduce its net debt to around three times EBITDA over the next four to five years, according to company statements reported by LiveMint. The company plans to achieve this through higher margins, business growth and monetisation of non-core assets. This strategic focus on debt reduction aligns with the company's growth initiatives and operational efficiency improvements.
