Why Tejas Networks stock price is climbing : Shares of Tata Group company Tejas Networks rose 20% in morning trade today on October 21. It reached a 3-month high of ₹ 1,427 per share. Interestingly, veteran investor Vijay Kishanlal Kedia also holds a large stake in this Tata stock. Kedia holds 32 lakh shares or 1.87 percent stake in this company through his Kedia Securities Private Limited. This sharp rise has come after the company's excellent Q2FY25 results. The company's results were released after the market opened on Friday.

The company achieved a 6-fold increase in consolidated revenue from operations, reaching ₹ 2,811 crore in Q2FY25 compared to ₹ 396 crore during the same period last year. It reported a profit after tax of ₹ 275 crore, a significant turnaround from the net loss of ₹ 13 crore in Q2FY24.

After nine consecutive quarters of net losses, the company returned to profitability in Q4FY24 and has maintained this momentum, reporting a net profit of ₹ 353 crore for H1FY25 as against a net loss of ₹ 39 crore in the corresponding period of the previous fiscal.

In the September quarter, Tejas Networks' revenue mix was driven primarily by India's private sector contribution, which accounted for 93% of total revenues, a significant growth of 13.7 times, primarily led by BSNL 4G-related shipments to TCS. In contrast, the Government of India segment contributed 4%, reflecting a 5% year-on-year decline, while international revenues comprised 3%, driven primarily by key shipments to Africa and South Asia.

Vijay Kedia Portfolio Stock: Rs 76 crore profit in a single day

According to data sourced from Trendlyne, prominent investor Kedia holds 32 lakh shares or 1.87 percent stake in Tejas Networks through Kedia Securities Pvt Ltd. Seeing the stock jump to Rs 237.5 per share, Kedia's investment also saw a jump of Rs 76 crore.

Tejas Network Share Price History

In the last four years, the stock has delivered a whopping 1421% return, rising from ₹ 90 per share to its current trading price of ₹ 1,369. Notably, in April, the stock recorded its biggest monthly gain, rising by 74%.

Tejas Networks is part of the Tata Group, with Panaton Finvest (a subsidiary of Tata Sons) as the majority shareholder. It designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, Internet service providers, utilities, defense, and government entities in over 75 countries.