Posted on March 21, 2025, by Niftynews
Tejas Networks shares witnessed an impressive surge of 17.70% today, reaching ₹835.75. This represents a 29.17% increase from its 52-week low of ₹647, seen earlier this week on March 17, 2025. Along with the price surge, the stock experienced a notable rise in trading volume, surpassing its two-week average, with 4.20 lakh shares changing hands on the BSE.
Tejas Networks: Key Stock Action and Market Insights
In terms of market capitalization, Tejas Networks reached ₹14,384.07 crore, with a turnover of ₹33.66 crore today. The market depth also reflected a higher level of buying activity, as the number of sell orders stood at 42,959 compared to 35,896 buy orders, indicating solid investor interest.
Experts suggest that Tejas Networks stock is undergoing a period of renewed buying interest following a long consolidation phase. As a result, many analysts recommend investors buy and accumulate the stock during market dips, particularly for those with a long-term horizon.
Expert Opinions on Tejas Networks shares Outlook
- Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, shared his perspective:
“Tejas Networks has emerged from a period of consolidation, and we are seeing bottom fishing and renewed buying interest. The company’s strong business prospects, particularly its foray into railways through the Kavach programme, position it well for future growth. Long-term investors should consider accumulating the stock on dips.” - Osho Krishan, Senior Research Analyst at Angel One, offered his analysis:
“The stock has surged almost 25% in the past week from the critical support level of ₹650-660. The next major resistance is seen around ₹975-985, while support is at ₹750. If the stock breaks above ₹850, it could open the door to further upside potential.” - Jigar S Patel, Senior Manager – Technical Research Analyst at Anand Rathi, mentioned:
“The support level for Tejas Networks is at ₹780, while the resistance is at ₹845. A breakout above ₹845 could lead the stock towards ₹900. The short-term trading range is expected to be between ₹770 and ₹900.” - AR Ramachandran, a Sebi-registered research analyst, highlighted:
“On the daily charts, Tejas Networks shows a bullish trend, with strong support at ₹709. A daily close above ₹847 could potentially push the stock towards ₹967 in the near term.”
Why Tejas Networks is a Stock to Watch
Tejas Networks designs, develops, and manufactures optical and data networking products that serve a variety of industries, including telecommunications, utilities, defense, and government entities in over 75 countries. Their expanding presence in railways and continued innovation in telecom infrastructure makes them a key player in the networking sector.
The company’s involvement in the Kavach programme, a railway safety initiative, has generated significant interest in the market. As India continues to modernize its railway system, Tejas Networks is well-positioned to benefit from the growing demand for advanced networking and telecommunications solutions in this sector.
Tejas Networks Shares: Is it a Buy Right Now?
With a 29% increase from its 52-week low, Tejas Networks shares is gaining significant momentum. However, investors should closely monitor key support and resistance levels. The current price surge suggests a potential breakout, but caution is advised as the stock encounters resistance at ₹850.
For investors with a long-term horizon, Tejas Networks offers a solid growth story, particularly in the telecom and railway safety sectors. If the stock consolidates above key support levels, it could see continued upward movement in the coming months.
Conclusion: Should You Buy Tejas Networks shares?
Given its strong fundamentals and the recent surge in its shares price, Tejas Networks appears to be on a positive trajectory. While short-term fluctuations are likely, long-term investors could find value in accumulating shares during market dips. With its focus on networking solutions and railway infrastructure, Tejas Networks remains an attractive stock for those seeking exposure to India’s growing telecom and infrastructure sectors.
