Tejas Networks rises 3% on Kedia Securities raising stake

Tejas Networks Ltd. on Tuesday rose 3% on Kedia Securities reportedly increasing its stake in the company to 4.2% from 1.5%.

Tejas Networks Ltd. on Tuesday rose 3% on Kedia Securities reportedly increasing its stake in the company to 4.2% from 1.5%.

In July, Kedia Securities, owned by Vijay Kishanlal Kedia, acquired 0.81% stake in the bengaluru based company for Rs 3.7 crore through open market transactions.

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The stock opened at Rs 79, and touched a high of Rs 82.65. It had previously closed at Rs 78.50.

The share has given a return of over 111% in the last 6 months.