In a remarkable display of investor confidence and operational growth, Tejas Networks Ltd, a part of the prestigious Tata Group, witnessed a sharp surge of nearly 5% during early trade on Wednesday. The stock opened at ₹725 and soon rallied to ₹759.50, reflecting a robust upward momentum amid a buoyant market session.
This rally comes in the wake of a significant order win that has reignited investor interest in what has already been a proven multibagger stock over the past half-decade.
Tejas Secures ₹1,525 Crore BSNL Order
The latest spike in Tejas Networks’ share price is attributed to the announcement of a major order from Bharat Sanchar Nigam Limited (BSNL). The company has been awarded a contract worth ₹1,525.53 crore for the supply, installation, and maintenance of 4G mobile network equipment across 18,685 sites in India.
This development not only strengthens Tejas’ operational pipeline but also reinforces its strategic role in the government-backed telecommunications infrastructure push. As a result, the company’s market capitalization surged to approximately ₹12,810 crore.
A True Multibagger: ₹1 Lakh Turns into ₹23.81 Lakh
Tejas Networks has emerged as one of the standout performers in the Indian equity market. Over the last five years, its stock has delivered an eye-popping 2,281.54% return. On 22 May 2020, the stock was trading around ₹31. As of today, long-term investors have seen their ₹1 lakh investment grow into ₹23.81 lakh — a testament to the wealth-generating potential of well-placed bets in the Indian tech sector.
Global Reach and Strategic Position
Tejas Networks is engaged in the design and development of optical and data networking products, which are extensively used across telecom networks—ranging from cell towers and telecom exchanges to data centres and enterprise sites. The company has a robust global footprint, with its products sold in over 75 countries.
As of March 2025, promoters held a 53.83% stake in the company, underlining strong promoter confidence and backing.
