Tejas Networks share price jumped 4% on Monday after the company received a ₹123.45 crore incentive under the Production Linked Incentive (PLI) scheme for FY24. The stock hit an intraday high of ₹686.80, marking its biggest rise since February 20. However, by 9:37 AM, it trimmed gains to trade at ₹884.30, down 3.7%, while the Nifty 50 was up 0.65%.
The stock has dropped nearly 55% from its all-time high in June last year and has declined 42% in 2025 so far. This follows 5 years of strong gains, where it surged over 1,110% since 2020.
On March 12, 2025, Tejas Networks received ₹123.45 crore from the Ministry of Communications under the PLI scheme for telecom and networking products. The company disclosed this in an exchange filing on Thursday.
Tejas Networks, a Tata Group company, designs and manufactures telecom and networking products for high-speed communication networks. Its majority shareholder is Panatone Finvest, a subsidiary of Tata Sons Pvt. Ltd.
Despite receiving a PLI incentive and strong long-term gains, Tejas Networks’ stock has seen a sharp decline in 2025. Investors are watching its future performance closely.
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Published on: Mar 17, 2025, 11:32 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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