Tejas Networks hits 20% upper circuit on Q4 boost
The Bengaluru-based company sees Q4 profit surging to ₹147 cr against a net loss of ₹11.5 cr in the year-ago period
The Bengaluru-based company sees Q4 profit surging to ₹147 cr against a net loss of ₹11.5 cr in the year-ago period
Tejas Networks is the sole supplier of optical networking and broadband access products for FibreConnect's country-wide FTTP (fiber-to-the-premise) rollout.
The lesser-known Tata Group stock gained nearly 5% in intraday on Friday after it received an advance of ₹750 crore from sister company TCS for BSNL project.
The contract will allow Tejas to supply, support, provide maintenance services for 4G/5G radio access networks equipment of BSNL’s 4G-5G network
The group is consolidating telecom equipment and technology offerings under Tejas Networks.
This lesser known Tata group company has risen from ₹31.15 in May 2020, to ₹453.2 in intraday today, giving a massive return of 1,355% in the last two years.