Tejas Networks Ltd Share Price – NSE /  BSE

Telecomm Equipment & Infra Services, Small Cap

Indiamart Intermesh Ltd, Tata Consumer Products Ltd, RBL Bank Ltd, Amber Enterprises India Ltd are among the other stocks to see a surge in volumes on NSE today, 21 October 2024.

Tejas Networks Ltd notched up volume of 113.74 lakh shares by 14:14 IST on NSE, a 20.03 fold spurt over two-week average daily volume of 5.68 lakh shares. The stock rose 8.73% to Rs.1,291.40. Volumes stood at 26.23 lakh shares in the last session.

Indiamart Intermesh Ltd registered volume of 43.9 lakh shares by 14:14 IST on NSE, a 12.15 fold spurt over two-week average daily volume of 3.61 lakh shares. The stock slipped 17.70% to Rs.2,479.95. Volumes stood at 3.03 lakh shares in the last session.

Tata Consumer Products Ltd clocked volume of 102.23 lakh shares by 14:14 IST on NSE, a 10.51 times surge over two-week average daily volume of 9.73 lakh shares. The stock lost 6.97% to Rs.1,017.05. Volumes stood at 9.54 lakh shares in the last session.

RBL Bank Ltd recorded volume of 506.41 lakh shares by 14:14 IST on NSE, a 7.92 times surge over two-week average daily volume of 63.92 lakh shares. The stock lost 14.41% to Rs.175.69. Volumes stood at 69.3 lakh shares in the last session.

Amber Enterprises India Ltd clocked volume of 31.71 lakh shares by 14:14 IST on NSE, a 6.6 times surge over two-week average daily volume of 4.80 lakh shares. The stock gained 11.93% to Rs.6,048.35. Volumes stood at 2.56 lakh shares in the last session.

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Tata Consumer Products Ltd, RBL Bank Ltd, Indiamart Intermesh Ltd, Bajaj Finserv Ltd are among the other stocks to see a surge in volumes on BSE today, 21 October 2024.

Tejas Networks Ltd notched up volume of 7.43 lakh shares by 10:47 IST on BSE, a 22.05 fold spurt over two-week average daily volume of 33725 shares. The stock rose 13.16% to Rs.1,346.20. Volumes stood at 95155 shares in the last session.

Tata Consumer Products Ltd registered volume of 2.38 lakh shares by 10:47 IST on BSE, a 8.75 fold spurt over two-week average daily volume of 27158 shares. The stock slipped 9.69% to Rs.988.60. Volumes stood at 40472 shares in the last session.

RBL Bank Ltd witnessed volume of 18.03 lakh shares by 10:47 IST on BSE, a 6.16 times surge over two-week average daily volume of 2.93 lakh shares. The stock dropped 12.83% to Rs.179.10. Volumes stood at 3.93 lakh shares in the last session.

Indiamart Intermesh Ltd notched up volume of 76834 shares by 10:47 IST on BSE, a 3.86 fold spurt over two-week average daily volume of 19916 shares. The stock slipped 13.55% to Rs.2,608.80. Volumes stood at 6714 shares in the last session.

Bajaj Finserv Ltd clocked volume of 1.47 lakh shares by 10:47 IST on BSE, a 3.1 times surge over two-week average daily volume of 47486 shares. The stock lost 1.71% to Rs.1,788.70. Volumes stood at 90904 shares in the last session.

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On a consolidated basis, Tejas Networks reported net profit of Rs 275.18 crore in Q2 September 2024 as against net loss of Rs 12.64 crore in Q2 September 2023. Net sales soared 570.58% to Rs 2655.16 crore in Q2 September 2024 over Q2 September 2023.

Profit before tax (PBT) stood at Rs 410.51 crore in Q2 September 2024 as against pre-tax loss of Rs 17.74 crore in Q2 September 2023.

The company's order book at the end of Q2FY25 stood at Rs Rs 4,845 crore.

Anand Athreya, managing director and CEO of Tejas Networks said, In Q2-FY25 we made record deliveries of 30,000+ 4G sites. we had continued success with GPON and DWDM wins, both in India and globally. We remain focused on expanding our product portfolio and pursuing market opportunities in line with our strategy.

Sumit Dhingra, CFO said, In Q2-FY25 we had a strong QoQ and YoY growth with a revenue of 2,811 crore. We ended the quarter with an order book of Rs. 4,845 crore and a net profit of Rs. 275 crore. In this quarter we also completed the merger of Saankhya Labs with Tejas.

Tejas Networks 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 is a part of the Tata Group, with Panatone Finvest (a subsidiary of Tata Sons) being the majority shareholder.

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Tejas Networks Ltd rose 20% today to trade at Rs 1427.55. The BSE Telecommunication index is up 1.01% to quote at 3074.32. The index is down 2.54 % over last one month. Among the other constituents of the index, ITI Ltd increased 2.29% and Route Mobile Ltd added 1.86% on the day. The BSE Telecommunication index went up 48.61 % over last one year compared to the 24.84% surge in benchmark SENSEX.

Tejas Networks Ltd has added 16.94% over last one month compared to 2.54% fall in BSE Telecommunication index and 3.43% drop in the SENSEX. On the BSE, 3.41 lakh shares were traded in the counter so far compared with average daily volumes of 34911 shares in the past one month. The stock hit a record high of Rs 1495.1 on 27 Jun 2024. The stock hit a 52-week low of Rs 652.05 on 28 Mar 2024.

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