Tejas Networks hits 5% upper circuit for 4th day on order win from Airtel

Tejas Networks, on September 23, announced that it has been selected by Bharti Airtel to enhance the company's optical network capacity in key metropolitan markets

Shares of Tejas Networks were locked in the upper circuit of 5 per cent for the fourth straight session on Tuesday at Rs 480.10 on BSE after Bharti Airtel selected the company for optical network expansion.

The stock the telecom services company was trading at its all-time high level and has rallied 22 per cent during the period. Till 09:49 am, a combined 330,000 shares had changed hands on the counter and there were pending buy orders for 340,000 shares on the NSE and BSE combined. In comparison, the S&P BSE Sensex was down 0.05 per cent at 60,048