Tejas Networks Gets Rs 1,526 Crore Add-on Purchase Order; Stock Up 4%

Tata Group-backed Tejas Networks Ltd connected Wednesday secured an add-on beforehand acquisition bid worthy Rs 1,525.53 crore for nan supply, deployment and attraction of 4G mobile web astatine 18,685 sites. 

"Further to our connection dated August 16, 2023, and successful pursuance of nan Master Contract betwixt Tata Consultancy Services Ltd (TCS) and Tejas Networks Ltd (Tejas aliases Company) for proviso of Goods and/or Services for BSNL 4G Project, TCS has informed nan Company that it has received an add-on Advance Purchase Order from BSNL for supply, deployment and attraction of 4G mobile web astatine 18,685 sites. The worth of supplies for Radio Access Network (RAN) and different instrumentality to TCS from Tejas for this deployment is expected to beryllium astir INR 1525.53 Crores, exclusive of taxes," nan institution stated.

"The elaborate Purchase Orders for nan aforesaid would beryllium issued by TCS to nan Company successful owed course, taxable to completion of definite conditions and documentations," it added.

Stock-wise, Tejas Networks jumped 4.17 per cent to deed a precocious of Rs 753.85 aft nan bid win. The antagonistic was past seen up 3.62 per cent astatine Rs 749.85. At this price, it has collapsed 36.48 per cent successful 2025 truthful far.

Technically, nan scrip traded higher than nan 5-day and 10-day elemental moving averages (SMAs) but little than nan 20-day, 30-, 50-, 100-, 150-day and 200-day SMAs. Its 14-day comparative spot scale (RSI) came astatine 50.49. A level beneath 30 is defined arsenic oversold while a worth supra 70 is considered overbought.

The banal has a price-to-equity (P/E) ratio of 19.73 against a price-to-book (P/B) worth of 3.55. Earnings per stock (EPS) stood astatine 38.03 pinch a return connected equity (RoE) of 18.02. According to Trendlyne data, Tejas Networks has a one-year beta of 1.6, indicating precocious volatility.

Tejas Networks produces optical and information networking products. It designs, develops and sells high-performance and cost-competitive networking products to telecommunications work providers, net work providers, utilities, defence and authorities entities successful much than 75 countries. As of March 2025, promoters held a 53.83 per cent liking successful nan company.

Published on: May 21, 2025 9:49 AM IST