Tejas Networks is currently trading at Rs. 196.50, up by 3.35 points or 1.73% from its previous closing of Rs. 193.15 on the BSE.
The scrip opened at Rs. 199.95 and has touched a high and low of Rs. 200.50 and Rs. 195.00 respectively. So far 39715 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 221.50 on 19-Feb-2021 and a 52 week low of Rs. 28.50 on 21-May-2020.
Last one week high and low of the scrip stood at Rs. 202.75 and Rs. 184.95 respectively. The current market cap of the company is Rs. 1836.32 crore.
The Institutions and Non-Institutions held 29.52% and 70.48% stake respectively in the company.
GigNet, a leading digital infrastructure company in Mexico, has selected Tejas Networks’ optical networking and broadband access products for their state-of-the-art, high-capacity fiber optic network expansion in the Cancun region of Mexico.
GigNet is a premier digital infrastructure company with a comprehensive digital services portfolio of Internet, WiFi, fiber-to-the-home, and other advanced solutions for hospitality and enterprise customers in Mexico. To support the rapid growth of GigNet’s ‘Smart Communities’ business segment for planned developments across the region, Tejas Networks will supply its full range of last-mile access products based on GPON/NG-PON fiber broadband technology, ultra-converged packet aggregation products based on MPLS-TP/PTN technology, and terabit-scale optical backbone products based on OTN/DWDM technology, all centrally managed by a universal and versatile SDN-ready network management system (NMS).
Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities.
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