Tejas Networks up 9%, nears 52-week high on hopes of robust revenue growth

Post 5G spectrum auctions, we expect to see a multi-year capex spend cycle for building both wireline and wireless infrastructure

Shares of Tejas Networks moved higher by 9 per cent to Rs 539.55 on the BSE in Wednesday's trade amid heavy volumes on expectation of a strong revenue growth going forward.

The stock of the Tata Group's telecom equipment & accessories company traded close to its 52-week high level of Rs 578.45, touched on April 11, 2022. At 10:09 am, it quoted 8 per cent higher at Rs 535, as compared to 0.15 per cent decline in the S&P BSE Sensex. Trading volumes on the counter nearly doubled over its two-week average trading volumes.  A combined 2.22 million equity