Tejas Networks shares rallied as much as 10% to hit an intraday high of ₹349 on the BSE on Thursday, February 26, following the announcement of a significant contract win. According to The Economic Times, the stock has snapped a 4-day losing streak with this massive surge. The stock was trading 8.31% higher at ₹344.20 per equity share at around 10:30 am, as reported by Upstox. This represents a notable recovery for the company, which had been the worst performing stock on the Smallcap index in 2025 with a decline of over 60%. The scrip has gained 4% in the past week and 13% over the month, though it has declined 24% on a year-to-date basis.
The company has entered into an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios. As reported by The Economic Times, MIMO (Multiple-Input Multiple-Output) is a wireless technology that boosts data speed and signal reliability by using multiple antennas at both the transmitter and receiver, rather than just one. Tejas Networks manufactures and supplies a versatile mobility product suite comprising 4G and 5G radio access networks (RAN) offerings, including high-capacity 32TR and 64TR massive MIMO radios that comply with both 3GPP and O-RAN standards. The partnership will accelerate wireless innovation by leveraging respective expertise in carrier-class product development for global telecommunications companies.
Sanjay Malik, Chief Strategy and Business Officer of Tejas Networks, stated that the partnership with NEC will accelerate wireless innovation by leveraging their respective expertise in carrier-class product development for global telecommunications companies. According to The Economic Times, Malik expressed delight at winning the deal and stated they are looking forward to building on this momentum and replicating success in other 4G/5G mobile networks across emerging and established markets. Masayuki Kayahara, Corporate Senior Vice President of Global Network Division at NEC Corporation, emphasized that today's milestone furthers their collaboration with Tejas Networks for 5G massive MIMO radio and to achieve supply-chain diversification, which helps in mitigating risks to their customers by building a resilient, flexible globalised ecosystem.
In a separate regulatory filing dated February 18, the company stated it received ₹69.97 crore from the Ministry of Communications, Department of Telecommunications, under the Production Linked Incentive Scheme for Telecom and Networking Products. As reported by Upstox, this amount is towards payment of the balance 15% of the eligible incentive for FY 2024-2025 under the Production Linked Incentive Scheme Guidelines. Tejas Networks has a total market capitalisation of ₹6,118.48 crore as of February 26, 2026, according to NSE data. Despite the positive market reaction, the stock has extended losses during the first two months of the year, declining another 25% after hitting a 52-week low of ₹294 on January 27, 2026, though it touched a year's high of ₹914.40 on April 22, 2025.
Despite today's sharp spike, Tejas Networks continues to face challenges from its recent financial performance. According to The Economic Times, the company reported a consolidated loss of ₹196.55 crore for the October–December quarter, marking its second consecutive quarterly loss. The weak performance was largely driven by a sharp decline in sales, including the deferment of purchase orders from state-owned Bharat Sanchar Nigam Limited (BSNL). In the same quarter last year, the company had posted a profit of ₹165.67 crore. Consolidated revenue from operations fell sharply by about 88% year-on-year to ₹307 crore in the December 2025 quarter, compared with around ₹2,642 crore reported in the December 2024 quarter. During the reported quarter, around 85% of the company's revenue mix, excluding operating revenue, came from the domestic market, while the remaining 15% was contributed by international operations.
Despite the positive market reaction to the 5G order announcement, Tejas Networks continues to face challenges from its recent performance. As reported by Upstox, the stock has extended losses during the first two months of the year, declining another 25% after being the worst performing stock on the Smallcap index in 2025. The current trading price of ₹344.20 reflects the company's recovery from these significant declines, with the stock showing strong momentum following the NEC partnership announcement. According to The Economic Times, the stock's sharp spike of 10% has helped it snap its recent losing streak, though it remains down nearly 25% since the beginning of the year.
