Rs 7,091 crore order book and 400 per cent returns: Vijay Kedia gains Rs 13,47,20,000 in this multibagger stock in just one day; reports turnaround in profit!

Shares of the company have gained more than 60 per cent in the last six months.

Shares of Tejas Networks Limited gained about 6 per cent on Wednesday, while it closed with gains of 3.31 per cent. The stock has witnessed heavy buying activity from investors from the last few days. In the last six months, the stock has gained about 60 per cent. The company has an order book of Rs 7,091 crore.

The company posted brilliant Quarterly Results. The revenue of the company for Q1FY25 stood at Rs 1,496.07 crore which grew by 696.25 per cent YoY. The operating profit of the company stood at Rs 243.06 crore. The PAT of the company stood at Rs 77.78 crore, representing an impressive growth of 295 per cent YoY.

Vijay Kedia, an ace investor, made a killing on Thursday. His 32,00,000 shares in Tejas Networks, each of which increased by Rs 42.10, netted him a profit of Rs 13.47 crore in a single day.

Tejas Networks Limited designs and manufactures wireline and wireless networking products, with a focus on technology, innovation and R&D. TNL carrier-class products are used by telecom service providers, utilities, governments, and defence networks in 75+ countries. Company is currently a part of Panatone Finvest Limited (a subsidiary of Tata Sons Private Limited). The shares of Tejas Networks Limited have also delivered multibagger returns of over 400 per cent in the last three years. Ace investor Vijay Kedia (Kedia Securities Private Limited) owns a 1.87 per cent stake in the company.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.