Vijay Kedia Portfolio Stock Tejas Network share price has touched the upper circuit for the fourth consecutive session today. Tejas Networks share price today opened 5 per cent higher than Friday’s close and reached its intraday high There are no vendors available for the scrip due to each level 470.45. All this happened within minutes of the opening of the stock market.
According to stock market experts, there has been a rise in Dalal Street. multibagger winning kedia stock As announced by Tata Group to acquire 64 per cent stake in Sankhya Labs Pvt Ltd, Tejas Network is expected to acquire 35.60 per cent stake in the company. With this acquisition, the telecom hardware company is preparing itself for the upcoming market opportunities after the 100 per cent roll out of 5G made in India.
Speaking on the reason behind this multibagger stock hitting the upper circuit on regular basis; Manoj Dalmiya, Founder and Director, Proficient Equities Pvt Ltd, said, “Tejas Network shares have hit an upper circuit of 5 per cent today as the Tata Group has announced that it will acquire 64 per cent stake in Sankhya Labs Pvt Ltd. 264 crore in cash deal. Tejas Network can also take the remaining 35.60 per cent stake after getting approval from the board. future business opportunities.
echoing the thoughts of Manoj Dalmiya; Ravi Singh, Vice President and Research Head, Share India said, “The acquisition of Sankhya Labs will not only enhance Tejas Networks’ wireless offering, but also its customer base in India and abroad. On the technology setup, the stock is in a cycle. Making Higher Highs and Higher Lows from Swing Lows The level of 360 indicates the strength inherent in the counter.”
Tejas Networks share price history
Shares of Tejas Networks are one of the multibagger stocks in 2021 as it has given nearly 170 per cent return to its shareholders in the last one year. from 175 470 each level in this period.
Vijay Kedia’s stake in Tejas Network
According to the shareholding pattern of Tejas Networks from October to December 2021, Vijay Kedia has invested in this company through his company Kedia Securities Private Limited. Kedia Securities Pvt Ltd holds 39 lakh shares of Tejas Network, which is about 3.42 per cent of the net paid-up capital of the company.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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