Vijay Kedia sold 5,00,000 shares of Tata-Group multibagger telecom company; Order book stands at Rs 2,681 crore; Do you own it?
The stock is up by 36.4 per cent from its 52-week low of Rs 647 per share and has given multibagger returns of over 2,000 per cent in just 5 years.
On Wednesday, amidst a slightly positive trading session for the Indian stock market with both the BSE Sensex and NSE Nifty-50 indices showing marginal gains of around 0.10-0.11 per cent, a particular Tata Group multibagger telecom stock garnered attention due to the trading activity of prominent investor Vijay Kedia. Through his firm, Kedia Securities Pvt Ltd, Kedia reportedly sold 5,00,000 shares of the company in March 2025, reducing his stake to 1.02 per cent from his holding in December 2024, as per BSE.
Today, the stock gained 2.5 per cent to Rs 882.75 per share from its previous closing of Rs 861.50 per share. The stock’s 52-week high is Rs 1,495.10 per share and its 52-week low is Rs 647 per share.
The buzzing stock name is TEJAS NETWORK LTD.
About Tejas Network Ltd
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Tejas Networks Ltd designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks Ltd. is a part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt Ltd.) being the majority shareholder.
The company has a market capitalisation of over Rs 15,000 crore backed by the Tata Group. Vijay Kedia, an ace investor, owns Kedia Securities Private Limited, which has 18,00,000 shares or 1.02 per cent stake in Tejas Networks Ltd as of March 2025. Additionally, as of September 2024, the promoters own a 53.83 per cent stake, FIIs own a 7.08 per cent stake and DIIs own a 4.85 per cent stake.
As of December 31, 2024, the company's order book stands at Rs 2,681 crore. The stock is up by 36.4 per cent from its 52-week low of Rs 647 per share and has given multibagger returns of over 2,000 per cent in just 5 years. Investors should keep an eye on this telecom stock.
Disclaimer: The article is for informational purposes only and not investment advice.