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HomeSHARE MARKETThis Tata Group Stock Signed An MoU With The Egypt Government; Know...

This Tata Group Stock Signed An MoU With The Egypt Government; Know The Complete Plan

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Tata Group Stocks: Tata Group company Tejas Networks Ltd (NSE: TEJASNET) has signed an MoU with Telecom Egypt, the Information Technology Industry Development Agency (ITIDA), and the National Telecom Institute (NTI).

This had a positive impact on the shares of Tejas Network but then its shares came under pressure due to weak market sentiment. 

Today on BSE it closed at Rs 672.85 with a decline of 2.11 percent. In intra-day, it jumped 1.45 percent to Rs 697.35. Its shares have strengthened by more than 21 percent in one year. It had reached its record high in October last year.

For What Purpose Did Tejas Network Partner?

Tejas Network has signed a MoU for the rural broadband project Bharatnet and National Knowledge Network (NKN) projects in Egypt.

According to the information given by Tata Group in the exchange filing, Tejas Networks will also work with Egyptian engineers and technologists in telecom and networking technologies and will undertake manufacturing and construction work for fiber-to-the-home (FTTH) products at the local site. 

They will set up R&D facility. Additionally, it will set up technical support services for local people in Egypt as well as countries across Africa and the Middle East.

How Was The Movement Of Shares In A Year?

Shares of Tejas Network were at a one-year low of Rs 562.10 last year on March 29, 2023. 

From this level, it jumped by more than 67 percent in just 7 months and reached a one-year high of Rs 939 on October 18, 2023. However, this rise in shares stopped here and at present it is about 27 percent downside from this high level.

About Tejas Networks Ltd Company 

Tejas Networks Limited designs, produces, develops, and markets optical, data network, and wireless solutions to internet and telecommunications service providers, internet-scale companies, defense and utility businesses, and government agencies in India and around the world. 

The company also offers TJ1400, ultra-converged broadband aimed at cost-effective transport of mobile backhaul broadband access enterprise, and modernization of networks.

TJ1600 is an optical transport platform that allows support for applications and services, such as businesses, mobile networks for backhaul and broadband access infrastructure, and TJ1270 MSPP, a multi-service platform for provisioning.  

The company was previously called Tejas Networks India Limited.

Fundamental Analysis of Tejas Networks Ltd

Market Cap₹ 11,479 Cr.
Current Price₹ 673
52-wk High₹ 940
52-wk Low₹ 562
Stock P/E
Book Value₹ 177
Dividend0.00 %
ROCE-1.20 %
ROE-1.62 %
Face Value₹ 10.0
P/B Value3.81
OPM-3.40 %
EPS₹ -5.61
Debt₹ 138 Cr.
Debt to Equity0.05

Tejas Networks Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 815₹ 874
2025₹ 900₹ 932
2026₹ 974₹ 1000
2027₹ 1100₹ 1156
2028₹ 1200₹ 1369
2029₹ 1400₹ 1458
2030₹ 1500₹ 1800
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Tejas Networks Ltd Shareholding Pattern

Promoters Holding
Dec 202251.97%
Mar 202356.37%
June 202355.97%
Sept 202355.92%
Dec 202355.80%
FII Holding
Dec 202211.22%
Mar 202310.49%
June 202310.91%
Sept 202311.11%
Dec 202311.26%
DII Holding
Dec 20224.20%
Mar 20233.98%
June 20233.89%
Sept 20234.03%
Dec 20234.35%
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Public Holding
Dec 202232.60%
Mar 202329.16%
June 202329.21%
Sept 202328.93%
Dec 202328.58%

Tejas Networks Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 900 Cr
2020₹ 391 Cr
2021₹ 527 Cr
2022₹ 551 Cr
2023₹ 1,443 Cr

Last 5 Years’ Net Profit:

2019₹ 147 Cr
2020₹ -237 Cr
2021₹ 38 Cr
2022₹ -63 Cr
2023₹ -95 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:-4%
5 Years:
3 Years:23%
Current Year:-28%

Last 10 years’ Return on Equity (ROE):

10 Years:1%
5 Years:-2%
3 Years:-1%
Last Year:-2%

Sales Growth Over 10 Years:

10 Years:10%
5 Years:4%
3 Years:33%
Current Year:93%

Conclusion

This article is a complete guide about Tejas Networks Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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