Tejas Networks shares zoom 13% after TCS’s Rs 1,537-crore LOI for BSNL 4G rollout
Tejas Networks shares rallied nearly 13% on Friday after the company announced a potential Rs 1,537-crore opportunity from Tata Consultancy Services (TCS).
The stock hit an intraday high of Rs 576.85 on the NSE, up Rs 65.7, or 12.8%, from its previous close of Rs 511.15.
In an exchange filing dated August 27, Tejas Networks said it had received a “Letter of Intent” from TCS to supply RAN equipment, accessories and installation materials for BSNL’s 4G network.
