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Tejas Networks rises on the BSE

Tejas Networks is currently trading at Rs. 193.10, up by 1.40 points or 0.73% from its previous closing of Rs. 191.70 on the BSE.

The scrip opened at Rs. 190.00 and has touched a high and low of Rs. 197.50 and Rs. 187.45 respectively. So far 24621 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 332.95 on 07-May-2018 and a 52 week low of Rs. 115.25 on 19-Feb-2019.

Last one week high and low of the scrip stood at Rs. 197.50 and Rs. 185.90 respectively. The current market cap of the company is Rs. 1774.14 crore.

The Institutions and Non-Institutions held 37.47% and 62.53% stake respectively in the company.

Tejas Networks’ ultra-converged broadband access/edge products — TJ1400 has been shortlisted for the prestigious Leading Lights Award 2019 in the category ‘Most Innovative Telecoms Product (Optical/IP/Carrier Ethernet/FTTH)’. Leading Lights is an international award program organized annually by Light Reading (an Informa business) that honours a company that has developed a potentially market-leading Optical/IP/Ethernet product.

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.

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