Small-cap multibagger Tejas Networks locks at upper circuit, hits new 52-week high!
The stock is up by nearly 251 per cent on a YTD basis and also, up by over 1,500 per cent from the lows of May 2020.Â
Tejas Networks Ltd designs, develops & sells high-performance networking products to telecommunications service providers, internet service providers, utilities, defence, and government entities in over 75 countries. Tejas products utilise programmable, software-defined hardware architecture with a common software codebase that delivers seamless upgrades of new features and technology standards.
The stock got locked at an upper circuit of 5 per cent and also, scaled to a fresh 52-week high on Tuesday. The stock, on an MTD basis, is up by 31 per cent and has also seen good price momentum post the announcement of the company’s selection by Bharti Airtel to enhance Airtel’s optical network capacity in the key metropolitan markets.
Tejas will supply, install and support its state-of-the-art TJ1600 DWDM/OTN products for extending Airtel’s optical networks towards the edge, supporting 5G backhaul, B2B services, and broadband applications. The enhanced capacity will enable Airtel to deliver a superior experience to its customers as data consumption in India grows rapidly.
The stock is up by nearly 251 per cent on a YTD basis and also, up by over 1,500 per cent from the lows of May 2020.