Tejas Networks has recently made headlines with its impressive performance in the stock market. As of October 21, 2024, the company’s shares surged by 20%, reaching a price of ₹1,427.55 after announcing robust quarterly results for Q2FY25. This significant rise reflects the company’s strong financial turnaround, as it reported a profit after tax (PAT) of ₹275 crore, compared to a net loss of ₹13 crore in the same quarter last year.
Main Points
- 1 Tejas Networks share price Current Market Overview
- 2 Key Financial Metrics
- 3 Tejas Networks share price Technical Analysis
- 4 Tejas Networks share price Support and Resistance Levels
- 5 Tejas Networks share price Fundamental Analysis
- 6 Recent Developments
- 7 Tejas Networks share price Bullish Reasons for Investment
- 8 Investor Sentiment
- 9 Long-Term Performance
Tejas Networks is currently trading at approximately ₹1,380 per share, with a market capitalization of around ₹20,769 crore. The stock’s performance has been notable, particularly given its recent highs and lows. The 52-week high for Tejas Networks is ₹1,495, while the low stands at ₹651. This fluctuation highlights the volatility and potential for growth within the telecommunications sector.
Key Financial Metrics
- Market Capitalization: ₹20,769 crore
- Current Price: ₹1,380
- 52-Week High/Low: ₹1,495 / ₹651
- Profit After Tax (Q2FY25): ₹275 crore
- Revenue (Q2FY25): ₹2,811 crore
- Earnings Per Share (EPS): Not specified
The technical indicators for Tejas Networks suggest a bullish trend. Recent movements show several buy signals based on moving averages:
- 10-Day EMA Crossover: Bullish signal noted on October 10.
- 5-Day EMA Crossover: Another bullish signal appeared on October 8.
These indicators suggest that investors may continue to see upward momentum in the stock price in the coming days.
Understanding support and resistance levels can help investors make informed decisions:
| Level | Price (₹) |
|---|---|
| Support (S1) | Not specified |
| Resistance (R1) | Not specified |
Tejas Networks has demonstrated strong growth metrics. The company’s revenue from operations increased dramatically to ₹2,811 crore in Q2FY25 from just ₹396 crore in the same quarter last year. This growth is attributed to successful deliveries and contracts in both wireless and wireline sectors.
Recent Developments
- Merger Completion: The company successfully completed its merger with Saankhya Labs, which is expected to bolster its product offerings and market reach.
- Order Book Growth: Tejas Networks ended the quarter with an order book of ₹4,845 crore.
- International Expansion: The company has secured new contracts for GPON and DWDM products in international markets like the Americas and Africa.
Several factors contribute to the bullish sentiment surrounding Tejas Networks:
- Strong Quarterly Results: The transition from loss to profit signals effective management and operational efficiency.
- Expanding Product Portfolio: Continuous innovation and expansion into new markets enhance future growth prospects.
- Growing Demand for Telecom Equipment: With increasing investments in telecom infrastructure, especially for 5G networks, Tejas is well-positioned to capitalize on this trend.
Investor Sentiment
Investor sentiment appears positive following the recent financial results. Analysts have rated Tejas Networks as a “Strong Buy,” reflecting confidence in its future performance based on both technical and fundamental analyses.
Long-Term Performance
Over the past three years, Tejas Networks has provided substantial returns of approximately 148.2%, outperforming many indices in the mid-cap sector. This long-term performance enhances its attractiveness as an investment option.
