Jun-06-2025 | 10:52 Hrs IST

Tejas Networks shares moved higher after the company received Rs 122.95 crore under the Production Linked Incentive (PLI) scheme. The stock is currently trading at Rate RS 728.40, up by Rate RS 12.80 or 1.79% from its previous close of Rate RS 715.60 on the BSE.

The scrip opened at Rate RS 728.95 and recorded an intraday high of Rate RS 750.00 and a low of Rate RS 724.70. A total of 2,17,768 shares have been traded so far on the counter.

The BSE group 'A' stock, with a face value of Rate RS 10, has touched a 52-week high of Rate RS 1495.10 on 27-Jun-2024 and a 52-week low of Rate RS 647.00 on 17-Mar-2025. Over the past week, the stock has ranged between Rate RS 750.00 and Rate RS 698.05. The current market capitalization of the company is Rate RS 12,911.83 crore.

Promoters hold a 53.83% stake in the company, while institutional and non-institutional investors hold 11.94% and 34.23% respectively.

Tejas Networks has received the first tranche of the PLI incentive from the Ministry of Communications, Department of Telecommunications, New Delhi. The amount of Rate RS 122.95 crore represents 85% of the eligible incentive for Q3 of FY 2024-2025. The remaining amount is expected to be released later in line with the guidelines of the Production Linked Incentive Scheme.

Tejas Networks is engaged in the design, development, and sale of high-performance and cost-effective networking products catering to telecom service providers, internet service providers, utilities, defence, and government sectors.