The focus today is tejas networks share price after a sharp two-day rebound. TEJASNET.NS rallied as a large 5G MIMO radio order and a fresh NEC deal boosted sentiment. The stock closed up 17.5% at ₹436 on Friday and is up over 25% in a week. A recent PLI payout also helped, even as Q3 results showed losses. We review drivers, technical setup, fundamentals, and what Indian investors should track next for Tejas Networks 5G momentum.

Why the stock rallied

A sizeable 5G MIMO order triggered aggressive buying, with the stock jumping about 17% on Friday. The market read this as proof of execution in India’s 5G rollout and potential revenue visibility. Coverage noted the outperformance versus benchmarks as traders chased momentum on heavy volumes source.

Tejas Networks signed an NEC deal to manufacture and supply 5G massive MIMO radios in India. This supports local production, shortens lead times, and may aid margins over time. The partnership adds credibility with global carriers and could widen the 5G pipeline if orders scale source.

Price action, volumes, and technical picture

The tejas networks share price closed at ₹436 on Friday, capping a weekly gain above 25%. The 52-week range stands at ₹294 to ₹914. Trading volume spiked to about 7.39 crore shares versus a 35.87 lakh average, signaling strong participation as the TEJASNET.NS price rebounded from recent lows. Elevated turnover often precedes short-term follow-through moves.

Near-term momentum improved with RSI near 58.9, while CCI around 165 and MFI near 92 indicate overbought conditions. ADX near 17.8 shows the trend is not yet very strong. ATR around 18.5 suggests wider daily swings. Traders may watch round numbers near ₹400 as support and ₹450 to ₹470 as a reaction zone for the tejas networks share price.

Fundamentals and near-term watchlist

Despite the rally, losses in Q3 keep focus on fundamentals. TTM EPS is negative and cash conversion looks stretched, with receivables days near 522 and inventory days near 376. Debt to equity sits around 1.29 and current ratio near 1.27. Reducing the cash cycle and improving margins will be crucial to sustain gains in the tejas networks share price.

Investors should track order-to-revenue conversion from the large 5G MIMO win and the NEC deal ramp. The recent PLI payout helps cash flows, but execution and working capital are watch items. An earnings update due on 24 April 2026 can reset guidance. Telecom capex timing, pricing, and receivables discipline are primary risks for TEJASNET.NS price.

How investors can approach this setup

For traders, respect momentum but manage risk. Consider scaling in on intraday dips toward prior demand zones, with tight stops below recent swing lows. Size positions modestly given high ATR and overbought signals. Fade spikes into ₹450 to ₹470 only with confirmation. Track volume trends and delivery data to judge strength in the tejas networks share price.

For investors, focus on three pillars: order book visibility in 5G radios, receivables collection improving the cash cycle, and margin progress from domestic manufacturing and PLI benefits. Watch quarterly disclosures on product mix and execution timelines. If fundamentals improve, it can support a healthier multiple for TEJASNET.NS price over time.

Final Thoughts

The tejas networks share price rallied as a large 5G MIMO order and the NEC deal improved confidence in future growth. Strong volumes show broad interest, and the weekly gain above 25% reflects a shift in sentiment. Still, technicals flag overbought conditions, so near-term swings can be sharp. We think the next catalysts are order conversion, manufacturing ramp under the NEC partnership, and the April earnings update. For traders, use tight risk controls and respect round levels. For investors, track margins, receivables, and cash flows alongside the 5G pipeline. Clear progress on these fronts can turn the rebound into a more durable trend.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.