Tejas Networks shares skyrocket 60% in just 4 sessions! What’s triggering the sharp surge?
Shares of Tejas Networks surged as much as 15% to hit the day’s high of ₹503 on the BSE on Monday, marking their fourth consecutive session of gains. With today’s rally, the stock has delivered an impressive 60% surge over the same period.
Volumes were strong in today’s session as 7 crore shares changed hands, significantly higher than the 1 week and 1 month average of 4 crore and 1 crore shares, respectively.
Last week, the company announced that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios. With today’s rise, the stock has snapped a 4-day losing streak.
