In last two financial years, retail investors increased holding in 118 Nifty 500 stocks where FIIs cut stake; of these 65 stocks trade below March 2024 levels amid tepid market mood, shows data.
In the past two trading days, the stock price of Raymond Realty has zoomed 42 per cent
Tejas Networks has significantly underperformed the broader market over the past year. Tejas Networks has declined 50 per cent in the last 12 months, compared to a 3.7 per cent gain in Nifty 50.
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.