Tejas Networks rises on entering into contract with Vodafone Idea
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Tejas Networks is currently trading at Rs. 1360.00, up by 23.85 points or 1.78% from its previous closing of Rs. 1336.15 on the BSE.
The scrip opened at Rs. 1355.00 and has touched a high and low of Rs. 1373.60 and Rs. 1352.00 respectively. So far 5958 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1495.10 on 27-Jun-2024 and a 52 week low of Rs. 652.05 on 28-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1403.15 and Rs. 1327.00 respectively. The current market cap of the company is Rs. 22904.10 crore.
The promoters holding in the company stood at 55.42%, while Institutions and Non-Institutions held 14.34% and 30.24% respectively.
Tejas Networks has entered into a three - year contract with Vodafone Idea (VIL), a leading telecom service provider in India, to supply its industry-leading TJ1400 and TJ1600 packet and optical transmission products to augment Vodafone Idea’s backhaul capacity and boost network performance across multiple telecom circles in the country.
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.
