Vijay Kedia Gains Rs 20,56,20,000; Mutibagger defence telecom stock jumps over 10 per cent on March 21
The stock price has recorded 19 per cent returns in just 1 year and a whopping 2,232 per cent in 5 years, emerging as a multibagger stock.
On Friday, shares of Tejas Networks Ltd jumped over 10 per cent to Rs 799 per share from its previous closing of Rs 710 and soared by 17.52 per cent to its intraday high of Rs 835. The stock has recorded the highest intraday gains since April 2024. On a weekly basis, the stock price has given returns of 24 per cent, as of March 12, 2025, the company received an amount of Rs 123.45 crores from the Ministry of Communications, Department of Telecommunications - New Delhi, towards incentive for the financial year 2023-24 under the PLI (Production Linked Incentive) Scheme for Telecom and Networking Products.
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An ace investor’s firm, Kedia Securities Private Ltd owns 23,00,000 shares or 1.31 per cent stake in the company. The stock gained Rs 89.40 per share in Friday’s trading sessions, therefore his portfolio gained Rs 20,56,20,000 (Rs 89.40 per share x 23,00,000 shares).
In the latest Quarterly Results of Q3FY25, Tejas Networks reported a net profit of Rs 165.67 crore, reversing a net loss of Rs 44.87 crore in the same quarter a year ago. The revenue surged 345.98 per cent year-on-year to Rs 2,497.30 crore, driven by large project executions, including a key order from Tata Consultancy Services (TCS) for BSNL's 4G network deployment.
Tejas Networks Ltd 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).
Looking at the performance metrics, the stock price has recorded 19 per cent returns in just 1 year and a whopping 2,232 per cent in 5 years, emerging as a multibagger stock. Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice