Tejas Networks Share Price Slip 1.83% To ₹490.50 In Early Trade After Recent Rally

Tejas Networks Ltd (NSE: TEJASNET) declined 1.83% to ₹490.50 in trade as of 10:43 am IST on March5, 2026, falling ₹9.15 from its previous close of ₹499.65. The stock saw mild profit booking after the sharp multi-session rally triggered by the company’s recently announced 5G Massive MIMO radio supply agreement with NEC Corporation.

The stock opened at ₹506.20 but moved lower during the morning session as early gains moderated.

Why The Share Price Moved

The current decline appears to follow a strong upward move in the stock over the past several sessions after Tejas Networks disclosed on February 26, 2026 that it had signed an agreement with NEC Corporation to manufacture and supply 5G Massive MIMO radios.

Following the announcement, the stock had surged 17.50% on February 27, to close at ₹436.00 from ₹371.05. The rally extended into subsequent sessions, with the stock crossing the ₹500 mark earlier this week.

After the rapid appreciation in price, the mild decline in the latest session suggests some profit booking by traders while the market continues to assess the implications of the newly announced partnership.

Stock Performance Snapshot

As of 10:43 am IST on March 5, 2026, Tejas Networks was trading at ₹490.50, down 1.83% for the day. The stock touched a high of ₹527.00 so far and a low of ₹490.30 so far.

Market capitalisation stood at approximately ₹8,550 crore at prevailing levels. The 52-week high and low remain ₹914.40 and ₹294.00, respectively, according to exchange data.

Despite the day’s decline, the stock remains significantly higher compared with levels seen before the contract announcement in late February.

What This Means For Investors

The agreement with NEC Corporation adds a confirmed opportunity in the global 5G radio equipment market for Tejas Networks. However, the company has not disclosed the financial value or execution schedule of the contract in its regulatory filing.

Investors may look for further exchange disclosures that provide details on order size, delivery timelines and potential revenue contribution. Such updates could offer clearer insight into the financial impact of the collaboration.

Broader Market And Sectoral Context

The modest decline in Tejas Networks follows several sessions of strong gains and appears largely stock-specific rather than reflecting a broader sectoral trend.

Telecom equipment and 5G infrastructure companies have remained in focus as markets track developments linked to network rollouts and export opportunities in the telecom manufacturing ecosystem.

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.

The company offers 4G and 5G radio access network (RAN) solutions, including high-capacity 32TR and 64TR Massive MIMO radios that comply with both 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 traded lower on March 5, 2026, slipping 1.83% to ₹490.50 in early trade after a sharp rally in recent sessions following its 5G Massive MIMO supply agreement with NEC Corporation.

While the stock has seen some profit booking in the latest session, investor attention is likely to remain on future regulatory disclosures that clarify the scale and execution timeline of the newly announced partnership.

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