Tejas Networks shares surged as much as 15% to hit the day's high of ₹502.95 on March 2, marking their third consecutive session of gains and resulting in a cumulative gain of 58.25%. According to Live Mint, this dramatic rally has delivered an impressive 60% surge over the same period, with the stock opening higher at ₹421.40 and maintaining momentum throughout the session. The stock's performance was supported by strong volumes with 7 crore shares changing hands, significantly higher than the 1-week average of 4 crore and 1-month average of 1 crore shares. This surge came despite deep losses in the Indian stock market amid ongoing tensions in the Middle East, with the US and Israel attacking Iran over the weekend, reportedly killing Iran's Supreme Leader and several other military officials.
The primary catalyst for the stock's surge was Tejas Networks' announcement on February 26, 2026, of signing a major agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios. As reported by Live Mint, Sanjay Malik, Chief Strategy and Business Officer of Tejas Networks, said they are delighted to win this deal in partnership with NEC as they expand their business internationally. Masayuki Kayahara, Corporate Senior Vice President of Global Network Division at NEC Corporation, said the milestone strengthens collaboration on 5G massive MIMO radios and supports supply-chain diversification, helping mitigate risks for customers through a resilient and flexible globalised ecosystem. Arnob Roy, Chief Operating Officer and Executive Director of Tejas Networks, said the partnership will accelerate wireless innovation by leveraging both companies' expertise in carrier-class product development for global telecom operators. The deal marks a significant step in expanding the Tata Group-backed company's international footprint and strengthening global 5G supply chains.
Tejas Networks closed February with a strong 28% jump, recovering some of its recent losses after remaining under pressure between October 2025 and January 2026. According to Live Mint, Anshul Jain, Head of Research at Lakshmishree, noted that the stock has undergone a steep 67% correction over 40 weeks, reflecting sustained distribution and structural damage on higher timeframes. However, over the past six weeks, the stock has staged a sharp rebound, signaling mean reversion rather than fresh weakness. The recovery has been orderly, with improving participation and short-term momentum turning constructive. Tejas Networks is a leading manufacturer and supplier of a versatile mobility product suite comprising 4G and 5G radio access network (RAN) offerings, including high-capacity 32TR and 64TR massive MIMO radios that comply with both 3GPP and O-RAN standards.
Despite the recent stock surge, Tejas Networks reported a consolidated loss of ₹196.55 crore for the October–December quarter, marking its second consecutive quarterly loss. According to The Economic Times, 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.
In a separate regulatory filing dated February 18, 2026, Tejas Networks received ₹69.97 crore from the Ministry of Communications, Department of Telecommunications, under the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products. As reported by DSIJ, this amount represents payment of the balance 15% of the eligible incentive for FY 2024-25 under the scheme guidelines. The company maintained inventory worth ₹2,363 crore as of the December 2025 quarter, which it expects to convert into finished goods and ship over the coming months. Cash balances stood at ₹537 crore during the quarter, with the company anticipating converting significant inventory into finished goods to support future revenue growth and international expansion plans.
