Tejas Networks Stock Soars on Rs 1,537 Cr BSNL 4G Deal

Tejas Networks shares surged 8.57% on the BSE, trading at Rs. 554.65 after the company secured a significant Letter of Intent (LoI) from Tata Consultancy Services (TCS). This movement added 43.80 points to its previous close of Rs. 510.85, indicating strong market confidence.

Key Market Movements

• Current Price: Rs. 554.65
• Percentage Gain: 8.57% (43.80 points)
• Previous Close: Rs. 510.85
• Opening Price: Rs. 540.60
• Intraday High: Rs. 576.80
• Intraday Low: Rs. 538.35
• Shares Traded: 23.54 lakh

The LoI, valued at Rs 1,537 crore, specifically details the provision of RAN equipment, along with necessary accessories and installation materials. This significant contract is designated for the BSNL 4G mobile network, covering an extensive 18,685 sites.

Company Profile and Market Overview

Tejas Networks operates in the telecommunications sector, specializing in the design and development of high-performance and cost-competitive networking products. Its client base spans telecommunications service providers, internet service providers, utilities, defence, and various government entities.

• 52-Week High: Rs. 644.75 (19-Jun-2026)
• 52-Week Low: Rs. 294.10 (27-Jan-2026)
• Last Week High: Rs. 576.80
• Last Week Low: Rs. 500.00
• Current Market Capitalization: Rs. 9,871.33 crore

Shareholding Structure

• Promoters Holding: 53.33%
• Institutional Holding: 9.86%
• Non-Institutional Holding: 36.81%

The company, with a face value of Rs. 10 per share, experienced its 52-week high on June 19, 2026, and a 52-week low on January 27, 2026. This recent contract highlights its continued engagement in major national infrastructure projects.