Synopsis: Tejas Networks shares surged 60% in four sessions on strong volumes after announcing a 5G massive MIMO radios deal with NEC, boosting investor confidence in its global expansion, advanced 5G solutions, and supply-chain resilience.
The shares of this company are in designing and manufacturing wireline and wireless networking products, with a focus on technology, innovation and R&D are in the spotlight after it rose by 60 percent in its last four trading sessions after announcing a 5G massive MIMO radios deal with NEC.
With a market capitalisation of Rs. 8,604 cr, the shares of Tejas Networks Ltd were trading at Rs. 483.80 per share, increasing over 15% in today’s trading session, making a high of Rs. 503, up from its previous close of Rs. 435.60 per share.
The stock has surged 60% over the last four trading sessions. Over the past year, it is down 33%, though it has gained 7% year-to-date, declined 18% in the last six months, and risen 47% in the past month.
What’s the reason of surge
Tejas Networks rallied 60% across four sessions, snapping a four-day decline, as today’s trading volume hit 7 crore shares, far exceeding the one-week and one-month averages of 4 crore and 1 crore shares.
Recently, Tejas Networks announced that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios. This partnership aims to strengthen their collaboration in developing advanced 5G solutions while diversifying the supply chain, enhancing resilience, and mitigating risks for customers.
According to Masayuki Kayahara, Corporate Senior Vice President of Global Network Division at NEC, the collaboration helps build a flexible, globalized ecosystem for 5G network deployment.
Arnob Roy, COO and Executive Director of Tejas Networks, highlighted that the partnership leverages both companies’ expertise in carrier-class product development to accelerate wireless innovation and deliver advanced 5G/5G-Advanced solutions globally.
Sanjay Malik, Chief Strategy and Business Officer at Tejas Networks, added that this deal strengthens the company’s international expansion and sets the stage for replicating similar success across 4G and 5G mobile networks in emerging and established markets.
About the company
Tejas Networks Ltd designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defense and government entities in over 75 countries. It is a part of the Tata Group, with Panatone Finvest Ltd(a subsidiary of Tata Sons Pvt. Ltd) being the majority shareholder.
Sales of the company fell drastically by 88% to Rs. 307 crore from Rs. 2,642 crore a year earlier. The company posted an EBITDA loss of Rs. 134 crore from Rs. 372 crore and a net loss of Rs. 197 crore from a profit of Rs. 166 crore. Earnings per share turned negative at Rs. 11.07 compared to a positive Rs. 9.43 in Q3FY25, reflecting significant financial stress in the quarter.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
