By Admin 
Tejas networks shares: The shares of Tejas Networks, a Tata Group company, saw a huge decline today. Today, the company’s shares broke more than 10 percent to reach their 52 weeks low. The major reason for this decline in shares is the loss to the company in the June quarter. In the first quarter of FY 2026, the company suffered a loss of Rs 194 crore, which is seen on its shares.
Share reached intraday-loving level
The share of Tejas Network on NSE broke more than 7.50 percent to Rs 645, while its previous closed price was Rs 698.40. During the trading, it touched an Intrade-Low level of Rs 627.45 with a decline of 10.16 %, which is a 52-week low. At 12:30 pm, Tejas Network’s shares were trading at Rs 661 per share with a decline of 5.50 percent. Nearly then 53 lakh shares of this Tata company were transacted. The shares are trading below all the major moving averages.
The company got a big shock
Tejas Networks is a subsidiary company of Tata Sons Private Limited, Panatone Finvest Limited. The sale in its shares today was due to a weak performance in the first quarter. In the June quarter of FY 2026, Tejas Networks incurred a loss of Rs 193.87 crore due to a decline in sales. Whereas this company had earned a profit of Rs 77.48 crore by supplying 4G equipment to BSNL a year ago. Consolidated Revenue of Tejas Network declined by about 87 percent to Rs 202 crore from Rs 1,563 crore in the June 2024 quarter.
Why reduction in revenue?
While clarifying this, Tata said, the company received orders for optical equipment for the Indianet Phase-3 in this quarter and private operators in India. The company said that this reduction in revenue was due to delay in getting orders from other companies including BSNL. By the end of the quarter, the order book of Tejas Networks was Rs 1,241 crore, which is 22 percent more than the previous quarter.
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