The stock price of Tejas Networks is seeing significant gains after the company announced that it has won a contract with leading Japanese multinational technology company NEC Corporation.
NEC Deal
The deal is for the Indian company to manufacture and supply 5G massive MIMO radios to NEC. Multiple-Input Multiple-Output (MIMO) is a wireless technology that uses multiple transmitters and receivers to transfer multiple data streams simultaneously. This helps improve signal quality and boost data speeds.
Revenue Up by 17%
Tejas Networks is a subsidiary of India’s largest business conglomerate, the Tata Group. The company designs and manufactures telecom and networking products used to build high-speed communication networks for telecommunications service providers, internet service providers, utilities, defence and government entities in more than 75 countries.
Last month, the company reported that for the third quarter ended December 31, 2025, its revenue grew 17% quarter-on-quarter. Tejas Networks Chief Operating Officer and Executive Director Arnob Roy also said that the company anticipates securing commercial deals.
“In Q3 FY26, our revenue was driven largely by sale of Wireline products to India Pvt and International customers. During the quarter we engaged in multiple field trials for our Wireless products in India and International markets; commercial negotiations are expected to close in the coming months,” Roy said.
Stock Price Climbs by Nearly 16%
The share price of Tejas Networks is currently trading for ₹422.60, up by 13.89% from the previous close of ₹371.05.
Earlier in the session, the stock changed hands for ₹429.45, representing an increase of 15.74%.
Source: https://coinpaper.com/14993/tejas-networks-stock-surges-16-on-nec-deal-to-supply-5-g-massive-mimo-radios
