Tejas Networks stock price shoots up 10%, snapping a four-day losing streak. What causes the huge wave?

Shares of Tejas Networks rose 10% on Thursday, reversing a four-session losing streak. The stock hit an intraday high of Rs 349 on the BSE after the company signed a major deal with NEC Corporation for manufacturing and supplying massive 5G MIMO radios.MIMO (Multiple-Input Multiple-Output) is a wireless technology that increases data speed and signal reliability by using multiple antennas on both the transmitter and receiver, instead of just one.

Tejas Networks is a leading provider of 4G and 5G radio access network (RAN) solutions, offering a broad mobility portfolio of high-capacity 32TR and 64TR massive MIMO radios built to 3GPP and O-RAN standards.Sanjay Malik, Chief Strategy and Business Officer of Tejas Networks, said: “We are pleased to secure this deal in partnership with NEC as we expand our operations internationally. We look forward to building on this momentum and replicating this success in other 4G/5G mobile networks in emerging and established markets.”

Also read: Bharti Airtel’s Rs 20,000 crore NBFC gamble: A Jio-style twist or costly distraction?

Masayuki Kayahara, Corporate Senior Vice President of Global Network Division at NEC Corporation, said: “Today’s milestone furthers our collaboration with Tejas Networks for 5G massive MIMO radio and achieving supply chain diversification, which helps mitigate risk for our customers by building a resilient, flexible globalized ecosystem.”

Tejas Networks Q3 Snapshot

The domestic telecom equipment maker reported a consolidated loss of Rs 196.55 crore for the October-December quarter, marking its second consecutive quarterly loss. The weak performance was largely driven by a sharp decline in sales, including the postponement of purchase orders from state-owned Bharat Sanchar Nigam Limited (BSNL). In the same quarter last year, the company had posted a profit of Rs 165.67 crore. Consolidated revenue from operations fell sharply by around 88% year-on-year to Rs 307 crore in the December 2025 quarter, compared to around Rs 2,642 crore reported in the December 2024 quarter.

During the reported quarter, approximately 85% of the company’s revenue mix, excluding operating income, came from the domestic market, while the remaining 15% was contributed by international operations.

Also Read: Did Angel One Stocks Really Crash by 90%? Here’s why you should ignore the huge plunge

The company said it was holding inventory worth Rs 2,363 crore as of the December 2025 quarter, which it expects to convert into finished products and ship in the coming months. Cash balances stood at Rs 537 crore during the quarter.

Despite today’s sharp spike, Tejas Networks’ share price is down almost 25% since the beginning of the year.

(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of The Economic Times)