Tejas Networks Shares: This share of Tata Group gained momentum, know how investors became millionaires…

Tejas Networks Shares: Tejas Networks shares saw a significant jump on October 18, as the company prepared to release its second quarter (Q2) earnings report. An increase of 7 percent was recorded in the company's shares, the main reason for which is high trading volume. Till now, 18 lakh shares have been transacted, which is an average of four lakh shares in the last month. is much more than.

At 11:36 am, shares of Tejas Networks were trading at Rs 1,194 on the NSE. However, the stock remains weak with a decline of about 17 percent in the last three months.

Tejas Networks expects to complete the deployment of all necessary network equipment and infrastructure for the rollout of 4G services for Bharat Sanchar Nigam Limited (BSNL) by the end of this financial year.

Apart from this, the company is planning to successfully complete the testing of its network equipment with Vodafone-Idea by the end of this month.

N., strategic initiatives advisor at Tata Consultancy Services (TCS) and chairman of the board of Tejas Networks. According to Ganapathy Subramaniam, “Given the pace of our network deployment, Tejas Networks and TCS are targeting the deployment of 75,000 network sites or towers by the end of this year.”

There have been some delays in the network deployment process due to inaccessibility of some sites, power availability and other infrastructure issues. But according to the report, “Our network is almost ready.”

TCS had won a $1.83 billion contract for this network deployment for BSNL in May last year, which is considered one of the largest contracts globally.

Tejas Networks Shares: 1575% gain in 4 years

Tejas Networks shares have risen by more than 1575% in the last four years. The shares of this Tata Group company were at Rs 71.70 on 16 October 2020, while their price has reached Rs 1215.85 on 18 October 2024.

In the last three years, the company's shares have seen a rise of more than 175 percent. At the same time, shares of Tejas Networks have increased by more than 38 percent in the last one year.

Even in the last six months, these shares have risen by more than 55 percent, on April 18, 2024, they were at Rs 795.55 and now on October 18, 2024, they have crossed Rs 1215.