Tejas Networks up 10%, signs agreement to supply 5G MIMO radios

Tejas Networks shares surged 9.7% to ₹348.90 after signing a pact with NEC Corporation to manufacture 5G massive MIMO radios. Despite Q3 revenue plunging to ₹307 crore and a ₹197 crore loss, its order book rose to ₹1,329 crore. The Tata Group backed firm supplies 4G/5G gear across 75 countries.