This Tata Company Share Skyrockets After Strong Q4 Results

By Yatish S.

Tejas Networks, a Tata Group company, saw a major surge in stock price, hitting an upper circuit of 20% on BSE. The stock reached a new all-time high of Rs. 1086.90.

For Q4 FY24, Tejas Networks also reported a net profit of Rs. 147 crore, and that too from a net loss of Rs. 11.5 crore in the same quarter previous year.

Plus, the company's net revenue increased by 343%, reaching Rs. 1,327 crore, up from Rs. 299.30 crore in the corresponding quarter of the previous year.

Here's how Tejas Networks' shares grew over different periods.

1 Week : 37% increase

1 Month : 58% increase

3 Months : 46% increase

6 Months : 31% increase

1 Year : 71% increase

Overall, the stock has given a 490% return in 2 years.

Also, Tejas Networks' order book stood at Rs. 8,221 crore, which indicates strong revenue potential in the future.