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News Topical, Digital Desk : While the market appears to be under pressure, Tejas Networks stock came as a big surprise to investors today. After opening weak in the morning, the stock made a strong recovery and reached close to Rs 500. By 10 am, the stock had gained nearly 15%. Experts believe that a large 5G-related order and global partnerships are the main reasons for this surge, leading to strong buying in the stock.
Amid a falling and volatile market, Tejas Networks Ltd. stock was the brightest on investors' radar today. The stock opened lower at ₹421.40 in the morning, compared to its previous close of ₹435.85. Initial pressure suggested the stock might fall along with the market weakness, but the picture changed drastically shortly after. After opening, the stock saw a sharp return of buying, and the price began to rise rapidly. By 10 a.m., the stock had gained nearly 15%, reaching close to the ₹500 mark. This rally wasn't just an intraday movement, but rather a continuation of the sustained strength seen over the past few days. Data shows that the stock has risen by nearly 45% in the last three trading sessions, indicating a sharp positive market sentiment. Trading volumes also confirm this growth. Nearly 18.2 million shares have been traded on the NSE so far, indicating increased interest from not only retail but also large investors. Looking at the long-term performance, the picture is slightly different. The stock has seen a strong rally of nearly 60% in the past month, but from a one-year perspective, it is still down about 29%. Meanwhile, the stock has weakened by approximately 12% in three years. This means that the recent rally has certainly begun to recoup past losses, but for long-term investors, it can still be considered to be in a recovery phase. According to experts, the biggest reason for this rally is 5G-related orders and global collaboration. Masayuki Kayahara, Corporate Senior Vice President of NEC Corporation's Global Network Division, said that this achievement further strengthens their partnership with Tejas Networks. He believes that collaboration on 5G massive MIMO radio and supply-chain diversification will make the global network more robust and resilient, reducing risks for customers. Market experts believe that large orders and network expansion are expected in the 5G sector in the coming time, and Tejas Networks can capitalize on this trend. However, some profit-booking may also occur after the sharp rally, so investors should be prepared for volatility. Tejas Networks Ltd is a leading Indian telecom networking company that designs, develops, and manufactures broadband, optical, and wireless networking products. Founded in Bengaluru in 2000, it builds high-speed fixed and mobile networks for telecom service providers, ISPs, utilities, defense, and government entities. Core Businesses and Products - Optical Transport and FTTx: Fiber Broadband (GPON/10G-PON), Carrier-Grade Optical Transmission - Wireless RAN: 4G/5G Mobile, Fixed Wireless Access (FWA), D2M Broadcast - IP Networking: Secure Ethernet Switches, IP-MPLS Routers - Satellite-IoT and NMS: Network Management Software, Satellite Communications
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