Vijay Kedia’s portfolio multibagger stock with Rs 9,271 crore order book: IIT Madras, IIT Kanpur and SAMEER licence 5G tech to this telecom company for Rs 12,00,00,000!

The stock gave multibagger returns of 470 per cent in just 3 years whereas BSE Teck Index is up by 43.4 per cent.

Indian institutions IIT Madras, IIT Kanpur, and SAMEER have successfully transferred their 5G RAN technology to Tejas Networks Ltd, a Tata Group company, for Rs 12,00,00,000. This landmark deal marks one of the largest technology transfers from academia in India and paves the way for further advancements and commercial applications of 5G technology. Tejas Networks will play a crucial role in leveraging this technology, with the institutions jointly licensing it in exchange for a non-exclusive fee based on achieved milestones.

A historic licensing agreement ceremony for the 5G RAN technology developed by IIT Madras, IIT Kanpur, and SAMEER was held on December 11, 2023, at the IIT Madras campus. The technology was licensed to TEJAS NETWORKS (A Tata Group Company) for Rs 12 crore, marking one of the largest technology transfers from academia in India.

This landmark deal marks a significant step towards advancing and commercializing 5G technology in India. Tejas Networks will play a crucial role in this endeavour, leveraging their expertise to make 5G more accessible and affordable for the Indian population.

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 defence networks.

According to the Quarterly Results announced recently, the net sales increased by 80.03 per cent to Rs 395.95 per share in Q2FY24 over Q2FY23. The company reported a net loss of Rs 12.64 crore in Q2FY24 compared to a net loss of Rs 3.16 crore in Q2FY23.

Today, shares of Tejas Networks Ltd surged 1.58 per cent to an intraday high of Rs 829.70 per share from its previous closing of Rs 816.80. At the closing bell, shares of the company were trading at Rs 820.15 per share, up 0.41 per cent.

The company has a market capitalization of Rs 13,940 crores and is almost debt-free, with a current debt of only Rs 49.8 crores. Vijay Kedia, an ace investor, owns Kedia Securities Private Limited, which has a 1.89 per cent stake in Tejas Networks Ltd. As of September 2023, the company order book stands at Rs 9,271 crore.

The stock gave multibagger returns of 470 per cent in just 3 years whereas BSE Teck Index is up by 43.4 per cent. Investors should keep an eye on this telecom stock.

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