Tejas Networks Limited is trading at Rs 593.55 after strong momentum, and Axis Direct has highlighted strong bullish weekly candles, a rebound from the 61.8% Fibonacci retracement of the Rs 382 to Rs 644 upmove, higher volumes, price above rising 20-day, 50-day, 100-day and 200-day SMAs, and firm RSI to project upside toward Rs 680-695 over 3-4 weeks.

Tejas Networks Limited supplied radio access network equipment as part of the Tata Consultancy Services-led consortium that built Bharat Sanchar Nigam Limited's indigenous 4G network across 100,000 sites. C-DoT CEO Rajkumar Upadhyay said the consortium completed proof-of-concept and field trials, supporting current traffic of 6 petabytes per day.

Tejas Networks Ltd told Mint it successfully participated in the broadband public protection and disaster relief trials conducted by BSNL in Amritsar and Port Blair and is engaging with government stakeholders to participate as a networking connectivity provider for the proposed PPDR network.