Tejas Networks shares have rallied 33 per cent in last three trading session.
Shares of telecom equipment maker - Tejas Networks - rose by its daily maximum limit of 10 per cent for third session in a row on Friday to hit an all-time high of Rs 221.50. The stock has been on investors radar after the Union Cabinet approved Production Linked Incentive (PLI) scheme for telecom equipment makers. Tejas Networks is likely to reap benefits from the PLI scheme and is the reason behind the rally in stock price, analysts said.
The Union Cabinet headed by Prime Minister Narendra Modi on Wednesday approved Rs 12,195 crore production linked incentive (PLI) scheme for the telecom and networking products in order to boost India's manufacturing capabilities and enhance exports.