Shares of Tejas Networks have taken Dalal Street by storm, rallying nearly 55% in just one week. On March 2 (IST), the stock was trading about 13% higher, extending its sharp upward momentum and turning into one of the most talked-about telecom counters in the market.
The trigger behind this explosive move is a major international partnership that has significantly strengthened investor confidence.
Tejas Networks–NEC 5G Deal: The Big Catalyst
Tejas Networks recently announced that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios.
This partnership is being seen as a strategic breakthrough for the Indian telecom equipment maker. NEC’s Corporate Senior Vice President of Global Network Division, Masayuki Kayahara, stated that the milestone deepens collaboration on 5G massive MIMO radios while supporting supply-chain diversification and building a resilient global ecosystem.
Arnob Roy, Chief Operating Officer and Executive Director of Tejas Networks, said the partnership will accelerate wireless innovation by leveraging combined expertise in carrier-class product development for global telcos. The companies plan to co-create advanced 5G and 5G-Advanced solutions to address evolving global demand.
Sanjay Malik, Chief Strategy and Business Officer of Tejas Networks, highlighted that the deal marks an important step in expanding international business and opens opportunities to replicate success across 4G and 5G mobile networks in both emerging and established markets.
Why the Street is Excited: Stock Surge Explained
The announcement triggered immediate positive sentiment, leading to a significant rally. Shares surged notably in the days following the news:
- On February 26, the stock rose around 12-17% in sessions.
- By February 27, it extended gains, closing up about 17.46% at approximately ₹435.85, with intraday highs near ₹442.70.
- Over two trading days, the rally reached up to 26%, with massive trading volumes.
- In the broader week, gains approached or exceeded 30-40% from recent levels, marking one of the strongest short-term performances in recent periods.
Investors view this as a validation of Tejas Networks’ capabilities in the booming 5G space, especially amid global demand for diversified, reliable suppliers beyond traditional giants. The deal signals potential revenue growth from international markets, enhanced credibility through association with NEC, and alignment with India’s push for telecom self-reliance and exports.