Tejas Networks Bounce Back;Up 16% in Morning Trade 

Mumbai, May 7: Shares of Tejas Networks bounced back in a big way to trade sharply higher intraday after opening marginally lower at around ₹465 on Thursday (in line with its Wednesday’s closing price).

The stock broke above ₹500 at around 10 am and eventually climbed to hit a fresh intraday high of ₹544.55 at 10:30 am, at which point it was trading 16% higher on the day. From thereon, it traded in a narrow range of ₹535 to ₹545 for a few minutes before settling at ₹540 at 11:30 am.

Weekly Basis

If we zoom out and look at Tejas Networks’ performance on the weekly chart, we can see that the stock has been trending northwards from around ₹413 on April 30 trading range to ₹465 on May 6 trading range, gaining about ₹52 (or 12.6%) in the process in just five trading days.

Although the stock price witnessed some sideways movement as it traded above its support levels on April 30 to May 2, 2026, trading range, its upward move gained noticeable traction from May 4, 2026, trading range onwards as the buying accelerated. Shares of Tejas Networks moved above ₹425 on May 5 trading range before surging to close at around ₹465 on May 6 trading range. Tejas Network’s strong jump on Thursday intraday likely built upon this week’s closing price action.

MD & CEO Appointed

Previously serving as Executive Director & Chief Operating Officer from March 2019 till date, Arnob Roy has been appointed as the Managing Director & Chief Executive Officer of Tejas Networks, with effect from April 15, 2026, and holding office till August 3, 2028. An alumnus of the University of Calcutta and Jadavpur University, Roy brings to the role more than 33 years of experience in Research & Development, operations and sales across the high-technology industry.

Prior to his current role at Tejas Networks, Roy has been with the company since February 2003 and also served as Director (Mechanical Engineering) from February 2003 to March 2019.

In other leadership news, Tejas Networks has also appointed Preetham Uthaiah as Chief Operating Officer of the company. Preetham Uthaiah has been serving as Vice President- Product Management for Wireless Products at Tejas Networks. He brings to the role more than 29 years of experience in engineering, product management and business development spanning positions in India and the United States.

Quarterly Results Summary: Q4 and FY2026 Losses

For Q4 FY2026, Tejas Networks’ net loss widened to ₹211.3 crore from ₹71.8 crore in Q4 FY2025. Net sales for the quarter stood at ₹332.7 crore, down 82% year-on-year from ₹1,906.9 crore in Q4 FY2025. The severe year-on-year decline in revenues comes as little surprise given the company also disclosed in its results press release that “significant order execution and consequent revenue recognition” occurred in Q4 FY2025. Consolidated net loss for FY2026 widened to ₹909 crore from a net profit of ₹447 crore in FY2025. Revenue for FY2026 was ₹1,103 crore, down from ₹2,396 crore in FY2025.

Shares of Tejas Networks traded up nearly 16% intraday on Thursday even as the markets reacted to its Q4 and annual results. While it may be too soon to suggest what has caused the strong jump in price today, some bullish factors could include: (1) a change in leadership with a new MD & CEO at the helm; (2) expectations that telecom infrastructure spend will begin to ramp up; and (3) the company being a domestic producer of wireline and wireless networking products.

Sources:

• https://www.nseindia.com/get-quote/equity/TEJASNET/Tejas-Networks-Limited