- Iran-Israel War: The devastation of war in the world
- No effect on ‘this’ share
- What is the main reason for the boom?
Iran-Israel War: The stock market is currently witnessing a major fall due to the tensions between Russia-Ukraine and the Middle East war. A big fall is seen in the stock market. However, this global pressure has not had any effect on the share of TATA Group’s ‘Tejas Networks’. On the contrary, the stock is hitting new highs every day. The stock gained a whopping 13 percent to Rs 492 as the market opened on Monday. Interestingly, the stock has returned more than 58 percent in the last three trading sessions alone. In this scenario, this return is considered to be a very large return.
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A stormy jump in share prices
The strength of this stock can be seen if we look at the data of the last three days. This journey started from around Rs 315 and has crossed the mark of Rs 490 in just three days. The stock rallied 17 percent on Friday as markets tumbled due to global pressure. On Monday, the stock again rallied 13 percent to touch an intraday high of Rs 502. This stock has returned 50% in one week and 42% in one month.
What is the main reason for this boom?
A major business announcement is behind the meteoric rise in Tejas Networks shares. This TATA company has entered into an important strategic agreement with NEC Corporation. As per the agreement, Tejas Networks will manufacture and supply ‘5G Massive MIMO’ (Multiple Input Multiple Output) radio technology.
What exactly is MIMO technology? 5G Massive MIMO is an advanced radio technology. It uses high-capacity base station antennas, which are ‘beamforming’ with hundreds of tiny elements. Simply put, it provides mobile users with uninterrupted internet and super-fast data experience. The implementation of this technology is expected to revolutionize the telecom sector, which will directly benefit Tejas Networks.
Company’s financial position and future trend
The current market cap of Tejas Networks is Rs 7736 crore. The company’s 52-week low was Rs 294, while its high was Rs 914. Since the TATA Group invested in the company, the company’s technological capabilities have grown tremendously. As Tejas Networks plays a pivotal role in India’s indigenous 5G drive, it is a preferred stock for long-term investors.
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