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Tejas Networks shares jump 9% on 4G network expansion project, rally 41% in one month

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Tejas Networks shares jump 9% on 4G network expansion project, rally 41% in one month
Shares of Tejas Networks jumped more than 9% to Rs 463 on the NSE on Monday after the company announced that it has received a purchase order for the supply of its state-of-the-art 4G RAN (Radio Access Network) solutions for a mobile network in South Asia. The stock has gained around 41% in just one month.

In an exchange filing, Tejas Networks said the project marks another important step towards expanding the company’s international wireless customer base. As part of the order, the company’s 4G multiband radio products will be deployed at multiple locations across the unnamed mobile operator’s network.

“We are proud to announce further progress in our pursuit to expand our international wireless business and in taking our 4G/5G mobility stack global. We look forward to growing our presence in the customer’s network while replicating this success in other 4G/5G mobile networks, both in India and across the globe,” said Sanjay Malik, Chief Strategy and Business Officer of Tejas Networks.

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The company said it has a versatile wireless product suite comprising 4G and 5G radio access network (RAN) offerings and a converged 4G/5G core solution. Its radio units are designed with flexibility and scalability in mind, supporting multi-band and multi-mode operations to enable cost-effective deployment in diverse real-world environments, it added. “Tejas’s award-winning TJ1400 UltraFlex baseband product provides unprecedented integration of wireless, broadband, transport, and IP network technologies in one compact chassis, thus significantly reducing the cost of network build-outs for mobile and fixed broadband operators,” the company further said.

By inducting Tejas as their new wireless OEM, the company’s South Asian customer now has a trusted and proven technology partner capable of addressing diverse network requirements while benefiting from greater vendor diversity, said Kumar N. Sivarajan, Chief Technology Officer of Tejas Networks. “We are fully committed to support them with innovative and well-differentiated solutions to optimally meet their network performance and user experience objectives,” he added.
Also read: IDBI Bank shares tumble 15% as govt likely to halt divestment process: Here’s why

Tejas Networks’ shares have seen a significant surge recently after a sharp slump earlier. Despite the 41% rise in one month, the stock is still down in the red overall this year so far. It has fallen more than 30% in one year.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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ORR: A Hedge Fund In ETF Clothing, Convincing Buy Opportunity (NASDAQ:ORR)

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I focus on a rigorous fundamentals-foremost equity and credit research. I currently work as a financial advisor/planner, and do analysis in my free time. I have an undergrad in business administration, an MBA in finance, and currently am a doctoral candidate (a DBA with a concentration in Finance and Investment Management). My research style typically involves process-driven research, followed by blending several valuation models together to get a blended, 12 month price target. I enjoy utilizing full DCF analysis in conjunction with SOTP, peer/multiples analysis, and risk-adjusted approaches. I thoroughly enjoy reading filings, technical documentation relevant to the sector, and then translating that data into conclusions with actionable insights. I enjoy learning about the various sectors and companies I find myself researching, and always feel like there is something to learn. As a curious individual, equity and credit research is very fulfilling, and even fun!I always try to find 2-4 variables that drive value or hinder growth, stress test them, and then let fundamental evidence incorporated with book-value set my viewpoint for the research project. I enjoy the energy sector, commodities, tech, and financial sectors the most. I joined Seeking Alpha to share my thoughts with a wide audience. I originally started with sharing my analysis with a few of my friends who are also advisors and/or analysts. I am always open to a myriad of viewpoints, as I feel the most accurate viewpoints and research is made through a collection of great minds working together to figure something out. If you appreciate thorough research, and want to learn more about a company beyond just what is inside of their books, then I believe you will enjoy the research that I work on.

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