Tejas Networks shares become rocket
Those who invest in the stock market always keep an eye on such shares which can give excellent returns in a short time. These days the share of Tejas Networks is doing exactly the same wonders. On Tuesday, May 7, this stock gained such momentum that the faces of investors lit up. Within the last four trading sessions, there has been a huge jump of about 33 percent in the shares of this company. There was a time when this stock had disappointed its investors a lot during the last one year and it had registered a decline of up to 22 percent. But now the tables have completely turned. What happened that suddenly made this stock a rocket?
Amazing strength in shares of Tejas Networks
When the stock market opened on Tuesday morning, tremendous strength was seen in the shares of Tejas Networks. There came a time during trading when the share took a huge jump of about 20 percent and reached the level of Rs 554.95. However, as the day progressed, this momentum softened a bit due to profit booking. Around 1 pm, this share was trading at Rs 533 with a gain of about 15.60 percent. It is important for any common investor to understand that such huge movements in the stock market generally do not happen without any concrete reason. The reason behind this sudden rise is a very positive report and a big success of the company.
What is the real reason for this surge?
The real reason for this stormy boom is a big success related to the world of telecom and technology. According to a recent report by Exchange4Media, Tejas Networks equipment has successfully passed the lab and field trials required for direct-to-mobile (D2M) broadcasting. The most important thing is that these trials had the support of many ministries. Clearing such trials is considered a huge achievement for any tech company. This simply means that this new technology of Tejas Networks has completely passed the test on both technical and regulatory parameters. This news created a strong confidence in the market about the future of the company.
Strong performance of the company on the technical front
When a new technology is about to enter the market, it has to pass through many strict parameters. During these recent trials, senior officials of many ministries were also present, which shows the seriousness of this entire project. According to the report, during the lab trials, close attention was mainly paid to transmitter spectral compliance. Additionally, rigorous research was conducted to determine how the new technology would work seamlessly with existing terrestrial mobile networks.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money related decisions.
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