Tejas Networks share price jumps over 8% after firm signs MoU with IIT Gandhinagar; check details

In an NSE filing, Tejas Networks disclosed that the company has signed an MoU with IIT Gandhinagar to collaborate in exploring advanced telecom research areas aligned with national priorities.

“Tejas Networks today announced that it has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Gandhinagar (IITGN) to catalyse innovation, research, and skill development in emerging telecom technologies,” the company informed the stock exchanges through its filing on April 1.

Shares of Tejas Networks rose 8.22% after the opening bell to hit its intraday high of ₹418 on Wednesday, compared to ₹386.25 at the previous stock market close on Monday. The Indian stock market remained closed for all trading operations on Tuesday, March 31, on account of the scheduled Mahavir Jayanti holiday.

MoU details

As part of the MoU, Tejas Networks and IIT Gandhinagar will build a telecom Centre of Excellence (CoE), which will serve as a platform for world-class training, innovation, and deployment-oriented learning in both the wireline and wireless technology ecosystems.

“We are delighted to partner with Tejas Networks, India’s leading IPR and R&D-driven telecom product company, to drive world-class research, develop cutting-edge solutions and advance global standards in emerging telecom technologies,” said Prof. Rajat Moona, Director of IIT Gandhinagar, in the official statement.

The MoU aims to build a thriving telecom industry in Gujarat that combines research excellence, skill development, and industry deployment.

Tejas Networks share price

Tejas Networks shares were trading 5.79% higher at ₹408.60 as of 9:50 am on Wednesday, compared to ₹386.25 at the previous stock market close, according to NSE data.

Shares of Tejas Networks have given the stock market investors more than 145% returns on their investment in the last five years, but the company’s stock has lost 29% in the last three years.

On a year-to-date (YTD) basis, the Tejas Networks stock was down 9.31% lower and was trading 3.23% lower over the last five market sessions.

The company’s shares hit their 52-week high at ₹914.40 on April 22, 2025, while the 52-week low level was at ₹294 on January 27, 2026, according to the exchange data. Tejas Networks’ market capitalisation (M-Cap) was at ₹7,307.30 crore as of the trading session on April 1, 2026.