Tejas Network rises 4%

Tejas Networks announced today morning that GigNet, a leading digital infrastructure company in Mexico, has selected the company’s optical networking and broadband access products for their state-of-the-art, high-capacity fiber optic network expansion in the Cancun region of Mexico.

Tejas will be supplying its full range of last-mile access products to GigNet, which has ambitious plans in Cancun and Riviera Maya as the leader in the digital transformation.

Tejas Networks is ranked among top-10 suppliers in the global optical aggregation segment and has filed over 349 patents.

The market reacted positively, rising 4% to Rs.200.50 but before it could get any closer to its 5% UC of the day at Rs.202.80, profit booking pushed the stock to Rs.194, nevertheless in the green.