Tata Triumph: Multibagger Stock Records Astounding 1990 per cent Returns, Creates Waves After Announcing Major Order Update!

The stock has witnessed significant buying activity as it has given multibagger returns of more than 1990 per cent in just 3 years

On Monday, shares of Tejas Networks zoomed more than 4 per cent to trade on an intraday high of Rs 670.15 apiece. The scrip witnessed a massive spurt in volume.

Tejas Networks Ltd., as a member of the TCS-led consortium, has secured a significant role in the Bharat Sanchar Nigam Ltd. (BSNL) 4G Project. BSNL has awarded an Advance Purchase Order (APO) to both TCS and ITI for this nationwide 4G project. As part of the consortium, Tejas Networks will be responsible for supplying and servicing the Radio Access Networks (RAN) equipment.

In Q4FY23, the company’s consolidated revenue rose by 126.61 per cent on YoY basis to Rs 284.39 crore. The EBITDA level stood at Rs 25.13 crore, registering a growth of 90.23 per cent from last year’ same quarter. The company narrowed its consolidated loss to Rs 25.13 crore from the corresponding quarter last year which stood at Rs 74.80 crore.

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Tejas Networks Ltd is a global R&D-driven telecom equipment company headquartered in India. It designs, develops and manufactures high-performance optical and data networking products that are used by telecom service providers, utilities, government and defense networks.

The stock has witnessed significant buying activity as it has given multibagger returns of more than 1990 per cent in just 3 years. In the last 1 year, the stock gained some positive traction and has surged more than 48 per cent. Keep a close eye on this Tata-backed trending multibagger stock.