The inventory has witnessed important shopping for exercise because it has given multibagger returns of greater than 1990 per cent in simply 3 years

On Monday, shares of Tejas Networks zoomed greater than 4 per cent to commerce on an intraday excessive of Rs 670.15 apiece. The scrip witnessed a large spurt in quantity.

Tejas Networks Ltd., as a member of the TCS-led consortium, has secured a big function within the Bharat Sanchar Nigam Ltd. (BSNL) 4G Venture. BSNL has awarded an Advance Buy Order (APO) to each TCS and ITI for this nationwide 4G venture. As a part of the consortium, Tejas Networks might be chargeable for supplying and servicing the Radio Entry Networks (RAN) tools.

In Q4FY23, the corporate’s consolidated income rose by 126.61 per cent on YoY foundation to Rs 284.39 crore. The EBITDA stage stood at Rs 25.13 crore, registering a progress of 90.23 per cent from final yr’ identical quarter. The corporate narrowed its consolidated loss to Rs 25.13 crore from the corresponding quarter final yr which stood at Rs 74.80 crore.

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Tejas Networks Ltd is a world R&D-driven telecom tools firm headquartered in India. It designs, develops and manufactures high-performance optical and information networking merchandise which can be utilized by telecom service suppliers, utilities, authorities and protection networks.

The inventory has witnessed important shopping for exercise because it has given multibagger returns of greater than 1990 per cent in simply 3 years. Within the final 1 yr, the inventory gained some constructive traction and has surged greater than 48 per cent. Hold a detailed eye on this Tata-backed trending multibagger inventory.

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