Tejas Network up 12.5%

Tejas Network is the top gainer on the BSE; on the back of almost 8 lakh shares changing hands, the stock opened 3% lower at Rs.781 but soon jumped up to an intraday high at Rs.902.70, up 12.5%.

The company is currently on the buying radar of many fund houses and analysts alike. A key player in government’s Atmanirbhar Bharat push for telecom equipment, it recently secured a major BSNL order for 4G & 5G equipment rollout.

This plus the “Tata” connection has really played out. Tata Sons acquired a majority stake in Tejas Networks in 2021 through Panatone Finvest and gradually increased stake from 43% to 52.45%. The company is now a core part of Tata Group’s telecom and 5G strategy, working alongside Tata Communication (global data network) and TCS (5G core software solutions).