Tejas Networks in green

Tejas Networks shares surged in afternoon trade, rising 13.59% to Rs. 361.10 on the BSE after the company announced a new 5G radio partnership. The stock added Rs. 43.20 from the previous close of Rs. 317.90, and traded in the Rs. 324.30 to 365.00 range after opening at Rs. 324.35, with VWAP around Rs. 352.74. Trading activity was strong, with volumes of about 47.13 lakh shares and turnover of roughly Rs. 166.23 crore.

The move followed Tejas Networks’ disclosure that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive multiple-input multiple-output (MIMO) radios. The companies also plan to jointly develop 5G massive MIMO radios for global markets, positioning the tie-up as a step towards deeper collaboration in wireless infrastructure products.

Strategically, the announcement is being read as supportive for Tejas’ wireless portfolio and export-facing opportunity set, with the partnership framed around accelerating innovation and strengthening supply resilience. NEC highlighted the objective of supply-chain diversification to mitigate customer risk by building a more resilient and flexible global ecosystem, which suggests the engagement is not only product-led but also designed to broaden manufacturing and sourcing options for deployments.

At current levels, Tejas Networks remains well below its 52-week high of Rs. 914.50 (52-week low: Rs. 294.10). The company’s market capitalisation stood at about Rs. 6,413.30 crore (free-float market cap around Rs. 2,954.50 crore) as per the exchange screen, while trailing profitability indicators remain negative, keeping investor focus on order conversion and execution momentum from such partnerships.