Tejas Networks, the Tata Group-owned telecom equipment maker, has rallied about 67% in just four trading sessions, from ₹317.9 on 25 February to around ₹529–530 by 4 March 2026, bucking the broader market sell-off.

Why Tejas Networks shares are up by 67% in 4 days :-

1. Big 5G deal with NEC for massive MIMO radios

• On 26 February 2026, Tejas announced an agreement with NEC Corporation (Japan) to manufacture and supply 5G massive MIMO radios for global telecom operators.

• These include 32TR and 64TR massive MIMO 5G radios, compliant with 3GPP and O-RAN standards, which are critical for high-capacity 5G deployments.
• Management indicated the partnership will accelerate wireless innovation, expand Tejas’ international footprint, and help NEC diversify its global 5G supply chain.

2. New Hyperscale optical product launch at MWC Barcelona

• At Mobile World Congress (MWC) Barcelona on 3 March, Tejas launched the TJ1600-D3, a next-generation WDM optical transport platform for terabit-scale data center interconnect (DCI).

• The platform is hyper-scalable and targeted at cloud providers, hyperscale data centers and large carriers, riding the global surge in DCI investments.
• This strengthened the “tech product” narrative around Tejas beyond just Indian orders, feeding global SaaS/AI/DCI sentiment in the stock.

3. Tata Group + PLI + BharatNet optionality

• Tejas is positioned as the Tata Group’s core telecom equipment play, aligned with India’s Atmanirbhar Bharat and trusted telecom vendor push.

• The company recently received ₹69.97 crore under the PLI Scheme for Telecom and Networking Products, reinforcing the government-backed growth narrative.
• Earlier, Tejas emerged as largest supplier of IP routing gear for BharatNet Phase-3, winning deals for over 50,000 TJ1400 routers across nine states and five UTs, giving multi-year domestic order visibility.

4. Short-covering and valuation catch-up after steep fall

• Tejas was one of the worst performers in 2025, down over 60% and another ~25% in early 2026 before this rally.

• The stock was heavily sold despite a strong order pipeline; the NEC 5G deal + MWC launch triggered short-covering and re-rating, leading to outsized moves (60–67% in four sessions) on very high volumes (multi-crore shares daily).

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Strengths driving Tejas Networks story

• Strategic Tata Group backing improves credibility with global telcos and governments.

• 5G massive MIMO deal with NEC provides international revenue visibility beyond India.cnbctv18+2
• Strong product portfolio: 4G/5G RAN, massive MIMO, WDM, IP routers, DCI platforms.
• BharatNet Phase-3 wins (50,000+ routers) ensure large domestic deployment pipeline. ​
• PLI incentives and Atmanirbhar Bharat tailwinds support margins and capex.

Key risks after the sharp rally

• Execution risk on NEC 5G radios: delays or lower-than-expected volumes could disappoint.

• Recent quarterly loss and revenue dip mean fundamentals are still catching up to the new valuation.
• High expectations now priced in after 60–67% rally; any negative news may trigger sharp correction.
• Global 5G capex cycles are lumpy and operator budgets constrained, especially in Europe.
• Competition from global vendors and Indian peers (HFCL, STL) in BharatNet and other projects.

FAQs –

1. Why did Tejas Networks shares jump 67% in four days?
Because of a large 5G massive MIMO radios agreement with NEC, the launch of the TJ1600-D3 DCI platform at MWC, Tata Group backing, PLI incentives, and short-covering after a steep prior fall.economictimes+3

2. What exactly is the NEC 5G deal?
Tejas signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios (32TR/64TR) that comply with 3GPP and O-RAN, targeting NEC’s global telco customers.

3. Did Tejas post strong quarterly numbers?
No – reports highlight a recent quarterly loss and revenue decline, but the market is betting on future growth from new deals and products rather than the last quarter’s print.

4. What is the new DCI product launched at MWC?
The TJ1600-D3 WDM optical transport platform, designed for terabit-scale data center interconnect, strengthening Tejas’ positioning in the global optical/DCI market.

5. How important is BharatNet for Tejas?
Very. Tejas is the largest IP routing supplier in BharatNet Phase-3, supplying over 50,000 TJ1400 routers across nine states and five UTs, providing long-term domestic revenue visibility.

6. Is this rally sustainable?
Sustainability depends on execution of NEC orders, more export wins, continued BharatNet roll-out, and margin improvement. After a 60–67% move in four days, volatility and profit-taking risk are high, so investors should size positions cautiously rather than chase blindly.

(Not investment advice; for informational/educational use only.)