Tejas Networks Shares Surge 9% on AI-Driven Network Demand Outlook

Tejas Networks Shares Rally Sharply on Optimism Surrounding AI-Led Infrastructure Buildout

Shares of Tejas Networks experienced a significant surge in Thursday's trade, extending their recent gains on optimism surrounding artificial intelligence-led infrastructure buildout. The stock rose as much as 9.48% during the session to hit an intraday high at around 11:07 am.

Tejas Networks, a leading telecom equipment maker, has gained nearly 30% since the Tata Sons board meeting held on May 26, driven by expectations of stronger growth prospects in the telecom and data infrastructure segments. The company's efforts to expand internationally have also supported investor sentiment.

During the March quarter earnings call, newly appointed CEO Arnob Roy highlighted a key agreement with Japan's NEC to manufacture and supply 5G Massive MIMO radios for a global customer, marking a significant step in Tejas Networks' push into overseas wireless markets. Management has expressed confidence that the rapid adoption of artificial intelligence will trigger a multi-year upgrade cycle in communication infrastructure.

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The company ended FY26 with an order book of Rs 1,514 crore and received Rs 69 crore under the production-linked incentive (PLI) scheme. Tejas Networks is also conducting 4G and 5G network trials across markets in the Americas and South Asia.

Management expects recent technology investments and international expansion initiatives to contribute meaningfully to financial performance in FY27. The company is scheduled to hold its Annual General Meeting (AGM) on Friday, June 26, 2026, at 10:30 a.m.