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.