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Multibagger stock: Tejas Networks shares closed 0.62% higher at Rs 863.50 on Friday. Around 0.29 lakh shares of Tejas changed hands amounting to a turnover of Rs 2.54 crore on BSE.
JM Financial said Tata Power is tapping high-margin group captive renewables opportunities, exiting low-value businesses, venturing into brownfield pumped hydro storage, and expanding transmission business.
"Tejas Networks (Tejas), Indias largest R&D-driven telecom equipment company, designs and manufactures wireline/wireless networking products. We expect Tejas to execute orders worth at least Rs292bn over FY24-28E, and generate revenue/EBITDA above Rs300bn/Rs60bn, respectively, led by the BSNL and BharatNet projects."
"Tejas Networks (Tejas), India’s largest R&D-driven telecom equipment company, designs and manufactures wireline/wireless networking products. We expect Tejas to execute orders worth at least Rs292bn over FY24-28E, and generate revenue/EBITDA above Rs300bn/Rs60bn, respectively, led by the BSNL and BharatNet projects."