Tejas Networks snaps 2-week winning streak; Stock hits 5% lower circuit

Atmanirbhar Bharat Abhiyan of the Government is aimed at limiting import dependence and increasing demand for indigenous products, providing better growth opportunities for the company.

Shares of Tejas Networks Limited (TNL) snapped their two-week winning streak after they froze at 5 per cent lower circuit at Rs 578, falling 10 per cent from their intra-day high on the BSE on Monday.

The stock of Tata Group company hit a record high of Rs 578.45 in intra-day today and has zoomed 52 per cent in the past two weeks. It surpassed its previous high of Rs 570.20 touched on October 5, 2021.

Till 12:04 pm; a combined 1.2 million equity shares changed hands with pending sell orders at around 180,000 shares on the NSE