Tejas Networks Share Price Rise 7.37% To ₹520.40 In Early Trade, Extend Multi-Day Rally After NEC 5G Deal

Tejas Networks Ltd (NSE: TEJASNET) rose 7.37% to ₹520.40 in trade as of 10:03 am IST on March 4, 2026, gaining ₹35.70 over its previous close of ₹484.70. The stock continued its upward momentum following the company’s disclosed agreement with NEC Corporation to manufacture and supply 5G Massive MIMO radios.

The stock opened at ₹480.00 and quickly moved higher in early trade, extending the rally that began after the contract announcement in late February.

Why Tejas Networks Share Price Moved

The ongoing rally follows Tejas Networks’ regulatory filing dated February 26, 2026, where the company confirmed it had signed an agreement with NEC Corporation to manufacture and supply 5G Massive MIMO radios.

The market reaction began on February 27, 2026, when the stock surged 17.50% to close at ₹436.00 from ₹371.05. Momentum continued in the following session, with the stock climbing further to around ₹496 during early trade on March 2.

The continued gains in the latest session suggest sustained investor interest after the confirmed partnership aimed at serving global telecom operators and strengthening supply-chain diversification.

Tejas Networks Stock Performance Snapshot

As of 10:03 am IST on March 4, 2026, Tejas Networks was trading at ₹520.40, up 7.37% for the day. The stock touched a high of ₹528.95 so far and a low of ₹474.35 so far.

Market capitalisation stood at approximately ₹9,060 crore at prevailing levels. The 52-week high and low remain ₹914.40 and ₹294.00, respectively, according to exchange data.

From the close of ₹371.05 on February 26, 2026 to the current level of ₹520.40, the stock has gained roughly 40% over the past few trading sessions.

What This Means For Investors

The agreement with NEC Corporation has added a confirmed 5G radio supply opportunity to Tejas Networks’ pipeline. However, the company has not disclosed the financial size or execution timeline of the contract in its exchange filing.

Investors may monitor further regulatory disclosures for details related to order value, delivery schedules and potential revenue contribution. Such updates could provide better visibility on the financial impact of the partnership.

Broader Market And Sectoral Context

Tejas Networks has remained among the actively watched telecom equipment stocks in recent sessions as buying interest strengthened after the contract announcement.

The move reflects stock-specific momentum within the telecom manufacturing space, where developments linked to 5G infrastructure and export opportunities have been closely tracked by market participants.

About Tejas Networks

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.

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

Conclusion

Tejas Networks continued its upward trajectory on March 4, 2026, rising 7.37% to ₹520.40 so far in early trade as investor interest persisted following the company’s 5G Massive MIMO supply agreement with NEC Corporation.

The stock has now climbed significantly over multiple sessions since the announcement, and further regulatory updates regarding contract execution and financial impact are likely to remain key for investors tracking the development.

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