Tejas Networks stock gains for second straight day, zooms over 19%; Here’s what is driving the rally

The scrip closed 17.50% higher at ₹436 per equity share on Friday.

The share has gained more than 25% in the past week and 38% over the month. On a year-to-date basis, however, it has declined 9%.

It has zoomed over 40% from its 52-week low of ₹294 apiece, which it touched on January 27, 2026. The stock had hit a year’s high of ₹914.40 on April 24, 2025.

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.

Recent updates

In a regulatory filing dated February 26, the Tata Group company said 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 the Global Network Division at NEC Corporation, noted that the deal furthers NEC’s collaboration with Tejas Networks on 5G massive MIMO radio and achieves supply-chain diversification, helping mitigate risks to its customers by building a “resilient, flexible globalized ecosystem.”

In a separate regulatory filing dated February 18, the company said 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,” Tejas Networks added.

Tejas Networks Q3 results

The Tata Sons subsidiary reported a consolidated net loss of ₹196.55 crore for the second consecutive quarter for Q3 FY26, mainly due to lower sales, including the deferment of a purchase order from state-owned BSNL.

It had clocked a net profit of ₹165.67 crore in the third quarter of FY25.

Its revenue from operations plunged 88.89% to ₹306.79 crore for Q3 of the current fiscal year, compared to ₹2,642.24 crore in the December FY25 quarter. However, it grew 17% on a sequential basis from ₹261.82 crore in the second quarter of FY26.

Tejas Networks has a total market capitalisation of ₹7,342.17 crore, as of February 27, 2026.