Tejas Networks Share Price Jump 13.80% To ₹496 In Early Trade, Extend Rally After 5G Massive MIMO Deal

Tejas Networks Ltd (NSE: TEJASNET) rose 13.80% to ₹496.00 in trade as of 10:24 am IST on March 2, 2026, gaining ₹60.15 over its previous close of ₹435.85. The move extended the momentum seen in the previous session following the company’s disclosed 5G Massive MIMO radio supply agreement with NEC Corporation.

The stock opened at ₹421.40 and witnessed strong buying early in the session, building on Friday’s sharp close.

Why the Share Price Moved

The current rally follows the company’s February 26, 2026 exchange filing confirming that it had signed an agreement with NEC Corporation to manufacture and supply 5G Massive MIMO radios.

On 27 February 2026, the stock had already closed 17.50% higher at ₹436.00 from ₹371.05, reacting to the contract announcement. The continued gains on March 2, suggest follow-through buying interest after the initial re-rating.

The agreement, as stated in the regulatory disclosure, is aimed at serving global telecom operators and strengthening supply-chain diversification. No financial value of the contract has been disclosed so far.

Stock Performance Snapshot

As of 10:24 am IST on March 2, 2026, Tejas Networks share price was trading at ₹496.00, up 13.80% on the day. The stock touched a high of ₹502.95 so far and a low of ₹405.95 so far.

Market capitalisation stood at approximately ₹8,500 crore at prevailing levels. The 52-week high and low remain ₹914.40 and ₹294.00, respectively, as per exchange data.

Over the last two trading sessions combined, the stock has risen from ₹371.05 (February 26 close) to ₹496.00, marking a cumulative gain of nearly 33.7%.

What this Means for Investors

The sustained rally reflects investor response to the confirmed 5G supply agreement with NEC Corporation. However, the absence of disclosed contract value or execution timeline means that financial impact remains to be clarified through future filings.

Investors may track further exchange updates for details on order size, delivery schedules, export contribution and potential margin implications. Any incremental disclosures could influence medium-term earnings visibility.

About the Company

Tejas Networks Ltd (BSE: 540595; NSE: TEJASNET) designs and manufactures wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities across more than 75 countries.

Its portfolio includes 4G and 5G radio access network (RAN) solutions, including 32TR and 64TR Massive MIMO radios compliant with 3GPP and O-RAN standards. The company is part of the Tata Group, with Panatone Finvest Ltd, a subsidiary of Tata Sons Pvt Ltd, as the majority shareholder.

Conclusion

Tejas Networks extended its rally on March 2, 2026, rising 13.80% to ₹496.00 in early trade so far, after gaining 17.50% in the previous session following its disclosed 5G Massive MIMO agreement with NEC Corporation.

While the price action indicates sustained market interest, further clarity on the financial scale and execution details of the contract, as and when disclosed, will remain central to assessing the longer-term implications of this development.

Source:

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