Tejas Networks Shares Rise Over 55% in Four Sessions Following NEC 5G Deal

Tejas Networks shares surged over 55% in four sessions, reaching a 13-week high amid strong trading volumes. The rally follows a new manufacturing agreement with NEC Corporation to supply 5G massive MIMO radios, signaling international expansion. Despite recent quarterly losses, the company anticipates growth from this partnership. Other notable gainers include Paras Defence, which announced a semiconductor subsidiary, and Ideaforge Technology, both seeing significant stock price increases on the BSE.