Tejas Networks share: The uptick in Tejas Networks' stock follows its announcement of a purchase order to supply 4G RAN (Radio Access Network) solutions for a mobile network in South Asia
Tejas Networks stock was trading at ₹461.20, 35.10 points or 8.24 per cent against the previous session's close of ₹426.10
Tejas Networks counter has seen huge trading volumes with a combined 14.94 million equity shares changing hands on the NSE and BSE in first 7 minutes of trade on Wednesday.
Tata stock: Tejas Networks shares have taken investors by surprise by staging a spectacular one-way rally of 55 per cent in just four trading sessions
Till 11:30 AM, a combined 73.18 million shares representing 41 per cent of total equity of Tejas Networks changed hands on the NSE (65.96 million) and BSE (7.22 million).
Today's buying in Tejas Networks was buoyed by an announcement in which the Tata Group company signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios
Tejas Networks share price declined as much as 12.68 per cent to ₹364.25, the lowest level since March 8, 2022
In the past one week, the smallcap index tanked 6 per cent, as against the 2.9 per cent fall in BSE Sensex.
Force Motors topped the chart, emerging as the biggest wealth creator of the year with a 191 per cent gain. The stock delivered the highest return among all Nifty500 constituents.
Globally, we are in talks with a couple of operators, but those negotiations are at fairly initial stages of understanding the technology, said Arnab Roy
Tejas is partnering with five leading PIAs-NCC, Polycab, Invenia-STL Networks, GR Infraprojects, and ITI-for the BharatNet Phase III deployment
At 9:42 AM, Tejas Networks share price was off highs, but continued to trade 0.4 per cent higher at 463.60 per share. In comparison, BSE Sensex was trading 0.23 per cent lower at 84,197.32 levels.
The buying on the counter came after the company received ₹84.95 crore from the Ministry of Communications, Department of Telecommunications
Tejas Networks share price fell after the company posted a weak set of results in the September quarter of financial year 2026 (Q2FY26).
Among the Nifty 500 constituents, Tejas Networks (down 56 per cent), Praj Industries (down 54 per cent), and Vedant Fashions (down 52 per cent) were among the worst hit