Shares of Tejas Networks surged in early trade on Monday, March 16, after the company announced that it has secured a purchase order to supply its advanced 4G Radio Access Network (RAN) solutions for a mobile network in South Asia. The development marks another important milestone for the Tata Group-backed telecom equipment maker as it expands its international wireless customer base.
Following the announcement, Tejas Networks’ share price climbed as much as 9.08% to ₹463 per share in early trade on the National Stock Exchange of India. The stock later pared some gains but continued to trade higher amid a volatile market.
At 09:36 IST, the stock was quoted at ₹442.55 per share, up 5.51% from its previous close of ₹424.45. By 10:04 IST, the shares were trading at ₹444.50, higher by ₹20.05 or 4.72% for the day. During the session, the stock touched a day’s low of ₹434.45 and a high of ₹463.
Meanwhile, the benchmark Nifty 50 index was trading at 23,237, up 86 points or 0.37%.
In an exchange filing, Tejas Networks said it has received a purchase order to supply its state-of-the-art 4G Radio Access Network (RAN) solutions for a mobile network operator in South Asia. As part of the order, the company’s 4G multiband radio products will be deployed at multiple locations across the operator’s network.
The company stated that the project represents a significant step in expanding its international wireless footprint.
Sanjay Malik, Chief Strategy and Business Officer of Tejas Networks, said the company is making steady progress in expanding its global wireless business.
“We are proud to announce further progress in our pursuit to expand our international wireless business and in taking our 4G/5G mobility stack global. We look forward to growing our presence in the customer’s network while replicating this success in other 4G/5G mobile networks, both in India and across the globe,” Malik said.
Tejas Networks offers a versatile wireless product suite that includes 4G and 5G Radio Access Network offerings along with a converged 4G/5G core solution. The company’s radio units are designed to support multi-band and multi-mode operations, enabling cost-effective deployments across diverse network environments.
The company’s TJ1400 UltraFlex baseband platform integrates wireless, broadband, transport and IP networking technologies into a single compact chassis. According to the company, this architecture helps mobile and fixed broadband operators significantly reduce the cost of network build-outs.
Last month, Tejas Networks had also signed a deal with NEC Corporation to produce and supply 5G massive MIMO radios.
On the financial front, the company reported a net loss of ₹197 crore in the December quarter, compared to a profit of ₹166 crore in the same period a year earlier. Revenue from operations stood at ₹307 crore in Q3 FY26, sharply lower than ₹2,642 crore reported in the corresponding quarter of the previous fiscal year.
Tejas Networks designs and manufactures high-performance wireline and wireless networking products used by telecommunications service providers and internet service providers across global markets.
Tejas Networks’ market capitalisation stood at ₹7,925.57 crore. Over the past year, the stock has traded in a 52-week range of ₹294 to ₹914.40 per share. The 52-week high of ₹914.40 was recorded on April 22, 2025, while the 52-week low of ₹294 was touched on January 27, 2026.
In terms of recent performance, the stock has gained 4.37% over the past week and 34.29% in the last month. However, on a year-to-date basis, the stock remains down by 1.64%.

Tejas Networks Share Price Jumps 26% on NEC 5G Massive MIMO Order Win
2 min Read Feb 27, 2026
Indian Stock Market Outlook: US Fed Meeting, Middle East Tensions Among Key Triggers for Markets This Week
3 min Read Mar 16, 2026
Cupid Ltd Completes 4:1 Bonus Issue; Stock Delivers 495% Return in One Year
3 min Read Mar 16, 2026
Stock Market Update Today, Mar 16: War Clouds & FII Outflows Shake Markets — What Investors Must Watch Today
3 min Read Mar 16, 2026
RailTel Corporation of India Ltd Announces 2nd Interim Dividend, Wins ₹115 Cr Order
3 min Read Mar 13, 2026
Nifty Down Nearly 10%; M&M, Eicher Motors, HDFC Bank Gap Down as Oil Surge Hits Sentiment – What to Expect Next Week
3 min Read Mar 13, 2026