Tejas Network, which had closed yesterday at Rs.395.05, opened today at 414.80, hitting the 5% UC of the day where it now stays frozen. And this UC is after less than 1000 shares changed hands.
The stock price hit the roof after it announced that it has been selected by Bharti Airtel to enhance Airtel’s optical network capacity in key metropolitan markets.
Tejas will supply, install and support its state-of-the-art TJ1600 DWDM/OTN products for extending Airtel’s optical networks towards the edge, supporting 5G backhaul, B2B services and broadband applications.
The enhanced capacity will enable Airtel to deliver a superior experience to its customers as data consumption in India grows rapidly.