Highlights
- Tejas Networks shares jumped 7.86% on 2 March 2026 amid renewed optimism around India’s 5G infrastructure cycle.
- Revenue growth is supported by 5G rollouts, BharatNet fibre expansion, defence communication contracts, and export orders.
- The stock has decisively moved above its 50-day SMA (₹375.84), signalling improving short-term technical structure.
- Key levels to watch include support at ₹450–₹410 and resistance in the ₹520–₹580 zone.
- Key risks include telecom capex slowdown and project delays
Tejas Networks (NSE:TEJASNET) surged 7.86% to ₹470.10, gaining ₹34.25 amid telecom infrastructure optimism.
Telecom Capex Exposure: How Durable Is Tejas Networks’ Revenue Growth?
Tejas Networks designs optical networking equipment and telecom transmission solutions. Revenue drivers include:
- 5G rollout
- BharatNet fibre expansion
- Defence communication contracts
- Export orders
Unlike software companies, Tejas operates in hardware-intensive manufacturing, meaning margins fluctuate based on order mix and scale.
Operating Leverage and Margin Expansion Potential in a 5G Cycle
As telecom operators expand networks:
- Order inflow visibility improves
- Fixed manufacturing costs spread across larger volumes
- EBITDA margins can expand
However, pricing competition from global telecom majors remains a structural challenge.
Technical Insights
- Support: ₹450
- Resistance: ₹520
- Bullish higher-high structure forming
A breakout above ₹520 may push the Tejas Networks share price toward ₹580.
Tejas Networks Limited (NSE:TEJASNET) is closed at ₹470.10, reflecting a sharp rebound and a decisive move above its 50-day Simple Moving Average at ₹375.84, indicating an improvement in short-term structure. The strong upward candle highlights renewed momentum following a prolonged decline. The 14-day RSI at 78.84 points to elevated momentum conditions, suggesting scope for brief consolidation after the recent surge. Immediate support is placed in the ₹450–₹410 zone, while resistance is seen between ₹520–₹580
Management Outlook
Management aims to:
- Expand export footprint
- Strengthen 5G product portfolio
- Capitalise on domestic telecom manufacturing incentives
Risks
- Telecom capex slowdown
- Margin pressure
- Project delays
FAQs
- Why did Tejas Networks shares rally?
The surge reflects optimism around sustained telecom capital expenditure, particularly linked to India’s ongoing 5G rollout and fibre infrastructure expansion.
- What are Tejas Networks’ main revenue drivers?
Key drivers include 5G deployment, BharatNet projects, defence contracts, and export orders, with revenue influenced by hardware order cycles.
- What technical levels should investors monitor?
Immediate support lies between ₹450–₹410, while a breakout above ₹520 could open upside toward ₹580, subject to momentum sustainability.