Tejas Networks shares surged more than 8% in early trade on February 27 after the company announced yesterday that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios. The development is being seen as a significant step toward strengthening global 5G infrastructure and supporting supply chain diversification in the telecom sector.
As of 9:18 AM IST, the stock touched an intraday high of ₹403.40 compared to its previous close of ₹371.05. The scrip opened at ₹387.80 and also recorded a low of ₹387.80 in early trade. Over the past year, Tejas Networks has seen considerable volatility, with a 52-week low of ₹294.00 and a 52-week high of ₹914.40.
The agreement further deepens the collaboration between Tejas Networks and NEC in the development and deployment of advanced 5G radio technologies. Massive MIMO radios are critical to enhancing network capacity, improving spectrum efficiency and delivering faster data speeds, making them a core component of next-generation telecom networks.
NEC described the partnership as an important milestone in its efforts to build a resilient and flexible global ecosystem. Masayuki Kayahara, Corporate Senior Vice President of NEC’s Global Network Division, said that working with Tejas Networks will strengthen 5G massive MIMO radio initiatives while helping diversify supply chains and reduce risks for customers worldwide.