Highlights

• Tejas Networks shares surged nearly 17% with sharp expansion in trading volumes.
• Stock crossed above its 50-day SMA and approached fresh multi-week highs.
• Momentum indicators turned elevated as price action strengthened above ₹500.

Overview

Tejas Networks (NSE: TEJASNET) gained 16.90% on May 7, 2026, touching an intraday high of ₹545.00 during a broad momentum-led rally in the telecom equipment stock. The share price opened at ₹468.05 against the previous close of ₹463.20 and remained among the top gainers in the session.

The sharp move came as the stock witnessed renewed upward momentum after consolidating around the ₹400–₹470 range in recent weeks. Increased traded volumes and a decisive move above key moving averages also supported the rally.

Fundamental View

For the quarter ended March 31, 2026, Tejas Networks reported standalone total income of INR 34,208.00 lakh. The company posted a standalone loss before tax of INR 28,792.00 lakh, while net loss stood at INR 21,846.00 lakh. Earnings per share for the quarter came at negative INR 12.30.

Market participants continue tracking telecom infrastructure expansion, network equipment demand trends, government-led digital infrastructure projects, and execution visibility across existing orders.

Technical View

Tejas Networks is trading near ₹541.50, up 16.90%, and remains well above its 50-day SMA around ₹423.04, indicating a significantly improved near-term structure. Price action reflects a breakout move after prolonged consolidation and recovery from earlier lows.

The 14-day RSI has climbed near 78.09, suggesting momentum remains elevated following the sharp upward move. The stock also moved toward fresh multi-week highs, while volatility expanded during the session.

Momentum Indicator

The RSI has crossed above the 75 level, indicating accelerated momentum conditions. Elevated RSI readings may also keep short-term price swings active near higher resistance zones.

Key Technical Levels

• Immediate Support: ₹505.00
• Secondary Support: ₹470.00
• Immediate Resistance: ₹615.00
• Higher Resistance: ₹650.00

Risks To Watch

• Quarterly losses may affect earnings visibility.
• Elevated RSI levels may trigger short-term volatility.
• Telecom spending slowdown can impact order execution.
• Sustaining momentum above ₹500 remains important technically.

Summary

Tejas Networks shares rallied sharply as momentum strengthened above key technical levels, supported by increased trading activity and a breakout above the 50-day SMA. The stock approached fresh multi-week highs despite reporting quarterly losses. While the near-term structure has improved, elevated RSI readings and resistance near ₹615–₹650 remain important areas for traders to monitor.

FAQs

Why did Tejas Networks shares rise sharply today?

The stock gained after witnessing strong momentum-driven trading activity and a breakout above key technical levels.

What are the key support levels for TEJASNET?

Immediate support is placed near ₹505, while the next important support zone is around ₹470.

Why is the RSI level important for Tejas Networks?

RSI near 78 reflects elevated momentum and indicates the stock may remain volatile in the near term.