The stock exchanges witnessed a huge rise in the shares of the Tata Group entity Tejas Networks after the company undertook a significant commercial communication about a new order update from yet another company within the group.

The stock price of the telecoms equipment maker surged by close to 13% since it picked up an impressive order from Tata Consultancy Services (TCS). The strategic development triggered investor buying interest on the bourses, turning the equity counter into one of the most actively traded stocks on the morning trade on August 28, 2026.

Scale comparison and share price movement

The share price of Tejas Networks opened on a positive note at ₹540.60 at the BSE, up from its closing price of ₹510.85. The stock gained immediate bull momentum after the bourse made the announcement of a high-value order and jumped to an intra-day high of ₹576.80 at a single time. 

This is an early-day spike of 12.90% from the previous settlement price. The shares were among the busiest on the trading floor of the stock exchanges in the morning session. The net trading volume on the day of the announcement stood at 20.9 million shares across the stock exchanges for the Tata group company.

Tejas Networks, in an official regulatory exchange filing released on August 27, 2026, announced receipt of a formal letter of intent from Tata Consultancy Services. The letter of Intent describes and specifies the supply of Radio Access Network equipment and accessories used for the deployment of BSNL 4G mobile network at 18,685 sites. 

The total financial worth of this order is valued at ₹ 1,537 crore. In the filing, Tejas Networks stated that it would issue a detailed purchase order to TCS for such equipment and services in due course. The current order book value of ₹1,537 crore has surpassed the order book value of Tejas Networks as of the end of the June quarter of the financial year 2027, which was recorded as ₹1,529 crore.

Financial performance and technical perspective

The financial performance of the firm in the just-ended first quarter of financial year 2027 has both ups and downs with regard to both growth and profits. The total revenue of Tejas Networks has witnessed an increase from ₹202 crore to ₹402 crore within the first quarter of financial year 2026.

This strong top-line improvement failed to convert to profitability for the telecommunications company. Net loss also increased slightly on a year-on-year basis to ₹202 crore during the first quarter of financial year 2027 from ₹194 crore in the corresponding period of the previous financial year.

From a technical angle, Prithvi Finmart’s Assistant Vice President and Head of Technical Equity Research Harish Jujarey remarked that the scrip has moved up sharply after a few sessions of narrow range consolidation. 

During the consolidation process, the stock has been able to maintain the 200-day moving average that stands near the price of ₹470 consistently. According to Harish Jujarey, the stock formed a technical double bottom formation during the consolidation phase and has just broken out from the trend line. 

The stock managed to close above the 50-day moving average, which shows an improvement in positive momentum. However, according to the technical parameters, Harish Jujarey highlighted that the technical picture for Tejas Networks’ near-term remains intact. 

The analyst advised that the price of the stock may continue its current bull run towards the ₹581 mark. On the positive side, a firm and healthy break above ₹581 may allow the stock to extend its gains, targeting the near-term swing high trading zone of ₹544.

Conclusion

The ₹1,537 crore contract with Tata Consultancy Services is a significant commercial achievement for Tejas Networks, with one contract surpassing the cumulative order book value achieved at the end of the first quarter of the financial year 2027. The firm is still posting net losses, though its back-to-back revenue increases are nearly double, and its ties with TCS for the pan-Indian launch of BSNL 4G have been well received by the market.

Tejas Networks has shown signs of positive market momentum, with trading volume and short-term technical indicators such as double bottoms and moving average breakouts suggesting further price growth toward key resistance levels.