Tejas Networks Share Price Surge 15% on Monday; Stock Rallies Nearly 60% in 4 Sessions on NEC 5G Deal

Shares of Tejas Networks surged up to 15 per cent on Monday, hitting an Intraday high of Rs 503 on the BSE and extending gains for the fourth consecutive session. Over the past four sessions, the stock has rallied nearly 60 per cent, driven by strong investor interest following a key international agreement.

Trading activity remained robust, with around 7 crore shares changing hands during the session. This was significantly higher than the one-week and one-month average volumes of 4 crore and 1 crore shares, respectively. The recent rally also helped the stock snap a four-day losing streak.

The sharp upside move comes after the company announced on February 26, 2026, that it has signed a major agreement with NEC Corporation to manufacture and supply 5G massive multiple-input multiple-output (MIMO) radios. The deal marks a significant step in expanding the Tata Group-backed company’s international footprint and strengthening global 5G supply chains.

Under the agreement, Tejas Networks will leverage its expertise in carrier-class product development to co-create 5G and 5G-Advanced solutions for global telecom operators. The company offers a versatile mobility product suite comprising 4G and 5G radio access network (RAN) offerings, including high-capacity 32TR and 64TR massive MIMO radios that comply with both 3GPP and O-RAN standards.

Masayuki Kayahara, Corporate Senior Vice President of Global Network Division at NEC Corporation, said the milestone strengthens collaboration on 5G massive MIMO radios and supports supply-chain diversification, helping mitigate risks for customers through a resilient and flexible globalised ecosystem.

Arnob Roy, Chief Operating Officer and Executive Director of Tejas Networks, said the partnership with NEC will accelerate wireless innovation by leveraging both companies’ expertise in carrier-class product development for global telecom operators. He added that the companies will continue to co-create leading-edge 5G and 5G-Advanced solutions to meet evolving customer needs worldwide.

Sanjay Malik, Chief Strategy and Business Officer of Tejas Networks, said the company is pleased to secure the deal in partnership with NEC as it expands internationally and aims to replicate this success across other 4G and 5G mobile networks in emerging and established markets.

In a separate regulatory filing dated February 18, 2026, Tejas Networks said it received Rs 69.97 crore from the Ministry of Communications, Department of Telecommunications, under the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products. The amount represents payment of the balance 15 per cent of the eligible incentive for FY 2024-25 under the scheme guidelines.

As of March 2, 2026, the company’s total market capitalisation stood at Rs 6,693 crore, according to NSE data.

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