Shares of Tejas Networks Ltd fell to a fresh 52-week low of ₹606.20 on Wednesday, declining over 2.6% to trade at ₹609.50 as of 9:47 AM. This comes on the back of disappointing Q1 FY26 earnings and stake sale by prominent investor Vijay Kedia.
Earlier this week, the Tata Group company reported a net loss of ₹194 crore in Q1 FY26, compared to a net profit of ₹77 crore in the same quarter last year. Operating revenue also plunged sharply by 87% YoY to ₹202 crore from ₹1,563 crore in Q1 FY25.
Notably, Vijay Kedia, through Kedia Securities Private Limited, sold 18 lakh shares (1.02% stake) in the company during Q1 FY26 (March–June 2025).
As of June 2025, promoters hold a 53.73% stake, FIIs hold 6.14%, DIIs own 4.72%, and the remaining 35.41% is held by the public and others.
Despite its recent struggles, Tejas has delivered multibagger returns of over 1,000% in just five years. The company, which designs and sells optical and data networking products to telecom operators, ISPs, utilities, defence, and government agencies across more than 75 countries, ended FY25 with an order book of ₹1,241 crore.
