Shares of Tejas Networks Limited, a Tata Group company, jumped 5% intraday, reaching ₹750 per share, after receiving ₹123 crore from the Department of Telecommunications under the Production Linked Incentive (PLI) Scheme.
🔴 Key Highlights:
- Tejas Networks secured ₹122.96 crore, representing 85% of the eligible incentive for Q3 FY25.
- The remaining amount will be disbursed later, as per PLI guidelines.
- The stock surged nearly 4.81%, before retreating to ₹728.30 per share.
- Tejas Networks specializes in telecom and networking products, serving 75+ countries.
📢 Market Experts Speak:
- Analysts believe the PLI boost will strengthen Tejas Networks’ position, enhancing domestic telecom manufacturing.
- The company’s revenue grew 43.71% YoY, reaching ₹1,907 crore in Q4 FY25.
⚠️ Strategic Impact:
- Supports India’s push for self-reliance in telecom infrastructure.
- Boosts investor confidence in Tata Group’s technology ventures.
👉 What do you think? Will Tejas Networks capitalize on this incentive for long-term growth? Drop your thoughts in the comments!
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