Introduction:
Tata Group stock received ₹123.45 crore from the Ministry of Communications under the PLI Scheme for FY 2023-24. This incentive strengthens its role in India’s telecom manufacturing sector, enhancing production capabilities and boosting competitiveness in networking and telecom products.
Share Price movement of Tejas Networks:
On March 17, 2025, Tejas Networks Limited opened at ₹667.50, reaching a high of ₹689.00, up 4.43% from its previous close of ₹659.75, with a low of ₹657.00. The stock is currently trading at ₹659.10, with a market cap of ₹11,604.09 crore.
Tejas Networks share price rise:
Tejas Networks Limited received ₹123.45 crore from the Ministry of Communications under the PLI Scheme for Telecom and Networking Products for FY 2023-24. This incentive supports the company’s growth and contribution to India’s telecom manufacturing sector.
The amount was disbursed on March 12, 2025, reinforcing the government’s commitment to promoting domestic telecom production. This financial boost strengthens Tejas Networks’ capabilities, enhancing its competitiveness in the telecom and networking industry.
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Recent news About Tejas Networks:
Tejas Networks has recently secured a three-year contract with Vodafone Idea Limited to supply its TJ1400 and TJ1600 packet and optical transmission products, aiming to enhance Vodafone Idea’s 4G and 5G backhaul capacity across multiple telecom circles in India.
Stock performance of Tejas Networks for Period of 1 week, 6 months and 1 year:
Tejas Networks stock declined by 6.02% over the past week, reflecting short-term weakness. Over six months, it dropped significantly by 46.5%, indicating strong bearish trends. In the past year, the stock fell 7.66%, highlighting persistent volatility and investor concerns about its performance.
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Shareholding pattern of Tejas Networks:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 54.01 | 55.42 | 55.5 |
| FII | 8.04 | 9.58 | 10.2 |
| DII | 4.65 | 4.76 | 4.91 |
| Retail & others | 33.29 | 30.24 | 29.39 |
About Tejas Networks:
Tejas Networks is a telecom equipment company specializing in optical and data networking products. It designs and manufactures high-performance solutions for broadband, wireless, and enterprise networks, supporting digital infrastructure growth and expanding connectivity across domestic and international markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
