Tejas Networks hits new 52-week high on demonstrating 4G/5G network, applications
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Tejas Networks is currently trading at Rs. 688.00, up by 14.80 points or 2.20% from its previous closing of Rs. 673.20 on the BSE.
The scrip opened at Rs. 679.90 and has touched a high and low of Rs. 699.70 and Rs. 677.45 respectively. So far 123257 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 699.70 on 03-Oct-2022 and a 52 week low of Rs. 359.50 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 699.70 and Rs. 586.65 respectively. The current market cap of the company is Rs. 10462.88 crore.
The promoters holding in the company stood at 52.40%, while Institutions and Non-Institutions held 14.32% and 33.27% respectively.
Tejas Networks has successfully demonstrated 4G/5G network and applications on an end-to-end indigenous network, using its designed-and-made in India hardware and software products, at the India Mobile Congress (IMC) being held at Pragati Maidan, New Delhi.
The end-to-end network showed a full range of innovative wireless and wireline products from Tejas Networks and its subsidiary Saankhya Labs. These included advanced 4G and 5G macro Radio Access Network (RAN) equipment and broadcast radios, multi-terabit optical aggregation and backbone equipment, all managed from a versatile, universal network management system.
Also on display was the world’s first ultra-converged broadband product (TJ1400 UCB) that combines 4G/5G Radio RAN, fiber broadband access (GPON/XGS-PON OLT), and packet-optical transport technologies in a single, compact shelf. The demonstrations included multiple use cases over the 4G/5G network such as video calling, Direct to Mobile (D2M) broadcasting and e-learning.
Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities.
