Vijay Kedia sold 18,00,000 shares of this Tata-Group telecom company; Stock hit 52-week low on July 22

On Tuesday, shares of a Tata Group telecom company experienced a slight dip, falling 0.34 per cent to a 52-week low of Rs 628 per share from its previous close of Rs 630.15. The company boasts a significant market capitalisation of over Rs 11,000 crore, underpinned by the backing of the Tata Group. Noteworthy is that ace investor Vijay Kedia, through Kedia Securities Private Limited, offloaded 18,00,000 shares (a 1.02 per cent stake) in Q1FY26 (between March and June 2025).

As of June 2025, the ownership structure reveals promoters hold a 53.73 per cent stake, Foreign Institutional Investors (FIIs) have 6.14 per cent, Domestic Institutional Investors (DIIs) hold 4.72 per cent, and the remaining 35.41 per cent is distributed among government entities, public shareholders, and others. As of March 31, 2025, the company's order book stands at Rs 1,241 crore. The stock has given multibagger returns of over 1,000 per cent in just 5 years.

The telecom stock name is Tejas Networks Ltd

Tejas Networks Ltd designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks Ltd. is a part of the Tata Group, with Panatone Finvest Ltd (a subsidiary of Tata Sons Pvt Ltd) being the majority shareholder.

According to the Quarterly Results (Q1FY26), the company reported net sales of Rs 202 crore and net loss of Rs 194 crore. In its annual results, the company reported net sales of Rs 8,923 crore and net profit of Rs 447 crore.

Mr. Arnob Roy, COO of the company, said, "In Q1FY26, we signed strategic partnerships with Rakuten Symphony for developing O-RAN solutions, and with Intel and some mobile phone manufacturers for adopting our D2M chipsets. These partnerships enhance our Go-to-Market initiatives in international markets. We won orders for our Routers for BharatNet-phase 3 and Optical equipment from private operators in India. Our shortfall in revenue was due to delays in the receipt of a few purchase orders, including the expansion order from BSNL."

Mr. Sumit Dhingra, CFO, said, "In Q1FY26, we had a revenue of Rs 202 crore and a net loss of Rs 194 crore, largely due to lower revenue. We ended the quarter with an order book of Rs 1,241 crore, representing a QoQ growth of 22 per cent. With the award of the expansion order of 18,685 sites of BSNL 4G to TCS, we expect to receive the corresponding PO for supply of RAN equipment worth Rs 1,526 crore."

Disclaimer: The article is for informational purposes only and not investment advice.