Tejas Networks Shares Surge 19%, Fourth Consecutive Day of Gains

Tejas Networks Shares Surge 19.8 Percent Amid Sustained Buying Interest

Tejas Networks shares experienced a significant surge on Thursday, extending their four-day rally to approximately 32 percent. The stock's upward momentum was driven by sustained buying interest from investors.

On the National Stock Exchange (NSE), the stock price climbed 19.8 percent to Rs 554.95 per share during the day. This marks the fourth consecutive trading session where the stock has seen gains.

The latest rally in the stock's price was triggered by a report from exchange4media, which stated that Tejas Networks equipment had successfully cleared multi-ministry-backed lab and field trials for direct-to-mobile (D2M) broadcasting. These trials validated the technical and regulatory feasibility of the technology.

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The trials, which were conducted under the supervision of officials from the Ministry of Information and Broadcasting, Ministry of Electronics and Information Technology, the Department of Telecommunications, and Prasar Bharati, utilized the Tejas Networks MarkOne D2M handset on the ATSC 3.0 standard in the 470-582MHz spectrum band. The lab trials focused on transmitter spectral compliance and co-existence with existing terrestrial mobile networks.

According to the report, D2M signals did not interfere with legacy and existing networks, including 2G, 3G, 4G, and 5G services. The trials also validated the performance of compatible receivers, dongles, smartphones, and home gateways.

Note: The comparison table highlights the significant increase in Tejas Networks' stock price over the past four trading sessions.

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