Tejas Networks Share Price: A Promising Investment Opportunity for Tata Group
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Tejas Networks Limited, a company under the Tata Group, has been delivering impressive returns to investors in the stock market. Over the past year, the share price of Tejas Networks has seen a surge of more than 46%. According to experts close to the Tata Group, the company’s shares have the potential to cross the ₹1,000 mark in the coming days.
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In the last three years, Tejas Networks’ share price has witnessed a remarkable growth of 521%. It has successfully provided a 100% return on investment in the past two years. However, the company’s growth in the stock market has been relatively stagnant in the previous year, with returns of less than 50%. In the past three months, there has been a decline of 2.78% in the company’s share price.
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Despite the recent dip, Tejas Networks’ shares are currently trading at ₹870 with a 0.50% increase. On Friday, the company’s shares closed at ₹865.15 on the Bombay Stock Exchange (BSE), marking a 0.82% rise. In 2019, Tejas Networks had paid out dividends of ₹1 per share to eligible investors.
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Leading brokerage house, MK Global, believes that Tejas Networks’ share price has the potential to reach ₹1,050. They have given a “Buy” rating for the company’s shares. Tejas Networks operates in 75 countries and specializes in manufacturing optical and data networking products.
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Tejas Networks Share Price: Key Highlights
★Tejas Networks Limited, a Tata Group company, has seen its share price rise by over 46% in the past year.
★Experts predict that the share price could surpass ₹1,000 in the near future.
★Over the last three years, the share price has increased by an impressive 521%.
★However, the company’s growth in the stock market has been relatively stagnant in the past year.
★In the last three months, there has been a decline of 2.78% in the share price.
★Currently, the share price is trading at ₹870 with a 0.50% increase.
★MK Global brokerage house believes that the share price could reach ₹1,050.
★Tejas Networks specializes in manufacturing optical and data networking products, operating in 75 countries.
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Tejas Networks’ share price presents a promising investment opportunity within the Tata Group. With its strong presence in the global market and the potential for further growth, investors may find Tejas Networks’ shares to be a lucrative addition to their portfolio.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
