Tejas Networks shares rally 15% on bagging 5G massive MIMO radios supply order

The stock was trading 12.74% higher at ₹358.30 per equity share at around 12:46 pm.

The scrip has gained 9% in the past week and 19% over the month. On a year-to-date basis, however, it has declined 20%.

While the share hit a 52-week low of ₹294 on January 27, 2026, it touched a year’s high of ₹914.40 apiece on April 22, 2025.

Order win

In a regulatory filing, the Tata Sons subsidiary stated that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios.

Commenting on the agreement, Arnob Roy, Chief Operating Officer and Executive Director of Tejas Networks, said: “Our partnership with NEC will accelerate wireless innovation by leveraging our respective expertise in carrier-class product development for global telcos. We will continue to work closely with NEC to co-create leading-edge 5G/5G-Advanced solutions that meet the evolving needs of customers worldwide.”

Masayuki Kayahara, Corporate Senior Vice President of Global Network Division at NEC Corporation, noted that the deal furthers NEC’s collaboration with Tejas Networks for 5G massive MIMO radio and achieves supply-chain diversification, which helps to mitigate risks to its customers by building a “resilient, flexible globalized ecosystem.”

“We are delighted to win this deal in partnership with NEC as we expand our business internationally. We are looking forward to building on this momentum and replicate this success in other 4G/5G mobile networks across emerging and established markets,” said Sanjay Malik, Chief Strategy and Business Officer of Tejas Networks.

In a separate regulatory filing dated February 18, the company stated that it received ₹69.97 crore from the Ministry of Communications, Department of Telecommunications, under the Production Linked Incentive Scheme for Telecom and Networking Products.

“The said amount is towards payment of the balance 15% of the eligible incentive for FY 2024 – 2025, under the Production Linked Incentive Scheme Guidelines,” the firm added.

Tejas Networks has a total market capitalisation of ₹6,118.48 crore, as of February 26, 2026, according to data on the NSE.