As of June 10, 2024, Tejas Networks’ stock price is ₹1,285.90 on the BSE1.
Long-term forecasts suggest an uptrend, with potential targets around ₹898 or even ₹940.002.
WalletInvestor predicts a long-term increase, with a stock price prognosis of ₹2,265.48 by May 30, 2029.
Tomorrow’s movement appears to continue the uptrend, but it’s essential to monitor the stock closely.
Remember that stock prices can be volatile, and various factors influence them. Always consult professional financial advice before making investment decisions.
Tejas Networks’ recent financial results:
Q2 FY24 (October 2023):
Revenue increased by 80.03% year-on-year (YoY).
Loss amounted to ₹12.64 crore, compared to a profit of ₹1.07 crore in the same period last fiscal year1.
Quarter-on-quarter (QoQ) revenue growth was 110.74%.
Q2 FY23 (September 2021):
Net revenue was ₹317 crore, a YoY increase of 72.1%.
Profit after tax was ₹11.2 crore, compared to a loss of ₹5.2 crore in the corresponding previous period2.
Keep in mind that financial results can be influenced by various factors, so it’s essential to stay informed and consult professional advice for investment decisions.
Tejas Networks has several key growth drivers:
Fiber-based Broadband (FTTX) and Mobile Broadband (4G/5G): Leveraging growth from high-speed broadband connections, especially in smaller towns and rural areas, as well as the emergence of high-bandwidth applications like OTT video streaming, IoT, cloud connectivity, and data center interconnections.
Increasing Wallet Share: The company aims to increase its wallet share in private telcos and government accounts.
Atmanirbhar Bharat (Self-Reliant India): Tejas Networks plays a key role in the national mission to be self-reliant in the telecom sector.
Unique Software-Defined Hardware Architecture: Leveraging its software-defined hardwareTM architecture, Tejas focuses on cost-effective R&D in India.
Diversified Portfolio: Tejas Networks maintains a diversified portfolio focused on fast-growing technology segments.
These drivers position Tejas Networks for growth and expansion in the telecom industry.
Tejas Networks has been actively expanding its presence beyond India. Here are some notable developments:
South East Asia Region:
In December 2020, Tejas Networks secured a $13 million purchase order from a leading telecommunications service provider in South East Asia. The project aims to extend high-speed broadband services to underserved rural communities in the region using Tejas’ award-winning TJ1400 ultra-converged broadband products (TJ1400UCB).
Global Ambitions:
Tejas Networks aims to position itself as a viable alternative to other telecom equipment vendors. As governments and operators worldwide seek options beyond Chinese vendors like Huawei and ZTE, Tejas aims to provide reliable solutions and avoid the duopoly of Ericsson and Nokia.
Technology Differentiation:
Tejas Networks differentiates itself through its unique “Software-defined Hardware” architecture, which seamlessly integrates broadband access technologies and high-capacity packet transmission services. This approach allows for cost-effective rollouts and efficient management.
Overall, Tejas Networks continues to expand its footprint globally, leveraging its innovative products and expertise in broadband access and optical transmission networks.
One year stock price and trend:
