&w=3840&q=100)
Tejas Networks shares gain 5% on partnering with Rakuten Symphony
The telecom equipment and accessories maker's stock rose as much as 4.94 per cent during the day to ₹731.9 per share, the biggest intraday gain since May 21 this year. The stock pared gains to trade 3.2 per cent higher at ₹719.7 apiece, compared to a 0.50 per cent advance in Nifty 50 as of 10:40 AM.
Shares of the company have remained range-bound since May. The counter has fallen 40 per cent this year, compared to a 7 per cent advance in the benchmark Nifty 50. Tejas Networks has a total market capitalisation of ₹12,689.29 crore.
Tejas Network Rakuten Symphony Partnership
Rakuten Symphony and Tejas Networks announced a strategic partnership to jointly develop integrated Open RAN solutions and pursue joint go-to-market initiatives in India and globally, according to an exhange filing on Thursday.
The collaboration will combine Rakuten Symphony's CU/DU software, OSS, and cloud portfolio with Tejas's 4G/5G radio portfolio, the companies said in a joint statement. "The two companies aim to explore opportunities for deploying and expanding 4G and 5G networks worldwide by leveraging their technical and commercial synergies."
The partnership would deliver a compelling solution by integrating Tejas's RAN infrastructure with Rakuten's cloud-native RAN software stack, according to Kumar N. Sivarajan, co-founder of Tejas Networks, said.
Earlier this month, Tejas Networks received ₹122.96 crore from the Ministry of Communications, Department of Telecommunications, under the PLI scheme for telecom and networking products. In May, they received an add-on Advance Purchase Order worth about ₹1,526 crore from BSNL for the supply, deployment and maintenance of 4G mobile network at 18,685 sites.
About Tejas Networks
Tejas Networks is among the leading global providers of telecom equipment and solutions, specialising in the design, manufacturing, and sales of advanced networking products. With a strong focus on research and development, the company delivers cutting-edge technology for building end-to-end communication networks.
The company's offerings span a broad spectrum, including wireless (4G/5G), optical transmission (DWDM, OTN), and packet switching (Ethernet, IP/MPLS), enabling robust infrastructure for various sectors.
Catering to a diverse global customer base, Tejas Networks serves telecom service providers, utility companies, and government and defence organisations across more than 75 countries.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
3 minutes ago
- Mint
Indian stock market: 10 key things that changed for market overnight - Gift Nifty, US Fed meeting minutes to gold prices
Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open flat on Thursday, following mixed cues from global markets. Asian markets traded mixed, while the US stock market ended lower overnight, after the release of US Federal Reserve July meeting minutes. On Wednesday, the Indian stock market ended higher for the fifth consecutive session, with the benchmark Nifty 50 closing above 25,000 level. The Sensex gained 213.45 points, or 0.26%, to close at 81,857.84, while the Nifty 50 settled 69.90 points, or 0.28%, higher at 25,050.55. 'The near-term market outlook remains positive on the back of government policy support and consumption boost, while investors continue to track global developments, sectoral trends and key macro data,' said Siddhartha Khemka - Head Of Research, Wealth Management, Motilal Oswal Financial Services Ltd. Here are key global market cues for Sensex today: Asian markets traded mixed, following overnight tech stocks-driven losses on Wall Street. Japan's Nikkei 225 fell 0.60%, while the Topix index declined 0.4%. South Korea's Kospi index rallied 0.88%, while the Kosdaq gained by 0.62%. Hong Kong's Hang Seng index futures indicated a flat opening. Gift Nifty was trading around 25,085 level, a premium of nearly 2 points from the Nifty futures' previous close, indicating a flat start for the Indian stock market indices. US stock market ended mostly lower on Wednesday, dragged by selling in tech stocks. The Dow Jones Industrial Average rose 16.04 points, or 0.04%, to close at 44,938.31, while the S&P 500 fell 15.59 points, or 0.24%, to end at 6,395.78. The Nasdaq Composite closed 142.09 points, or 0.67%, lower at 21,172.86. Nvidia share price fell 0.14%, Amazon shares declined 1.84%, Apple stock price dropped 1.97%, and Microsoft stock fell 0.79%. The US Federal Reserve's July meeting minutes showed that most central bank officials highlighted the risk to inflation as outweighing concerns over the labor market. Fed officials acknowledged worries over higher inflation and weaker employment, but a majority of the 18 policymakers 'judged the upside risk to inflation as the greater of these two risks.' The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) members flagged evolving risks from global trade tensions and tariffs as a key drag on growth but said the economy remains resilient with the inflation outlook benign, minutes of the August RBI MPC meeting showed. Eight infrastructure sectors' growth slowed down to 2% in July 2025 from 6.3% in the same month last year. The core sector's output growth was 2.2% in the previous month of June. In April-July of this fiscal year, the eight infrastructure sectors expanded by 1.6%, compared to 6.3% during the same period last year. Japan's manufacturing activity contracted for the second month in August. The S&P Global flash Japan Manufacturing Purchasing Managers' Index (PMI) increased to 49.9 in August from July's final 48.9, Reuters reported. Gold prices were steady as investors awaited cues into the Federal Reserve's policy outlook ahead of the Jackson Hole symposium in Wyoming. Spot gold price eased 0.1% to $3,343.09 per ounce, while US gold futures for December delivery fell 0.1% to $3,386.10. Crude oil prices gained as larger-than-expected declines in crude oil and fuel inventories in the US supported expectations for steady demand. Brent crude futures rose 0.15% to $66.94 a barrel, while the US West Texas Intermediate (WTI) crude futures rallied 1.38% to $63.21. The dollar fell after US President Donald Trump called on Federal Reserve Governor Lisa Cook to resign. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was last down 0.13% on the day at 98.20, with the euro up 0.09% at $1.1657, Reuters reported. The Japanese yen strengthened 0.32% against the greenback to 147.2 per dollar. (With inputs from Reuters) Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
3 minutes ago
- Mint
Recommended stocks to buy on 21 August—top stock picks from market experts
Indian markets ended on a firm note, extending their winning streak for the fifth straight session, despite a weak start amid subdued global cues. The Nifty 50 and Sensex displayed notable resilience, recovering from early losses to close at 25,050.55 and 81,857.84, respectively, supported by sustained buying in select sectors. Investor sentiment remained cautious ahead of the U.S. Federal Reserve's Jackson Hole symposium later this week. On the sector front, IT stocks led the gains, rising 1%, driven by hopes of a potential 25bps rate cut by the Fed, which could boost U.S. tech spending and benefit Indian exporters. On the other hand, financials lagged, declining around 0.5%. Broader markets remained firm, with the mid- and small-cap indices inching up 0.2% each, reflecting continued interest in the broader equity space. Let's get on to the best stock recommendations for today by India's expert analysts. Two Stock Recommendations by MarketSmith India: Buy: Mphasis Ltd.(current price: ₹2,835) Buy: Fertilizers and Chemicals Travancore Limited (current price: ₹1,015) Top three stock picks by Ankush Bajaj Buy: FACT Ltd — Current Price: ₹1014.45 Three stocks to trade, recommended by NeoTrader's Raja Venkatraman: FACT (Cmp 1014.45) FACT: Buy above 1015 and dips to ₹980, stop ₹965 target ₹1125-1150 CHALET (Cmp 998) CHALET: Buy CMP and dips to ₹965, stop ₹950 target ₹1070-1098 EMAMILTD (Cmp 626.55) EMAMILTD: Buy CMP and dips to ₹606, stop ₹590 target ₹680-700 MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543) Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
3 minutes ago
- Mint
Buy or sell: Vaishali Parekh recommends three intraday stocks to buy today — 21 August 2025
Buy or sell stocks: The key benchmark indices of the Indian stock market extended their bullish trajectory for the fifth consecutive session on Wednesday, August 20, buoyed by sustained investor optimism surrounding the Centre's anticipated rationalisation of the Goods and Services Tax (GST) structure. The Nifty opened on a muted note but gathered upward momentum in the latter half, registering an intraday high of 25,088 before settling at 25,050.55, marking a gain of 69 points or 0.28%. Market sentiment was further bolstered by expectations of GST reform announcements ahead of Diwali, alongside a thaw in India-China geopolitical tensions—both acting as key catalysts for the ongoing relief rally. On the sectoral front, performance was mixed. The Nifty IT outperformed with a robust uptick of 2.69%, followed by Nifty FMCG (+1.39%) and Nifty Realty (+1.06%). Other sectors like Nifty Metal, Energy, Infra, and Auto closed with marginal gains, reflecting a broad-based yet selective buying interest. Conversely, profit booking weighed on Nifty Media, the worst performer, declining 1.98%, while Nifty Pharma and PSU Bank indices shed 0.44% and 0.27% respectively. The broader markets mirrored the benchmark's resilience, with the Nifty Midcap 100 and Nifty Small Cap 100 closing higher by 0.46% and 0.3% respectively, indicating continued risk appetite across market capitalisations. Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher, believes the Indian stock market bias is positive. The Nifty 50 index reclaimed the psychological 25,000 level after sustaining above 50-DEMA support placed at 24,815. The Prabhudas Lilladher expert said the key benchmark index faces hurdles at the 25,250 to 25,300 levels. A fresh bull trend on Dalal Street can be expected once the 50-stock index breaks above this hurdle on a closing basis. Speaking on the outlook of the Nifty 50 index, Vaishali Parekh said, "The Nifty 50 index continues to gain strength, sustaining above the important 50-DEMA level, which is positioned near the 24,850-zone, maintained as the strong near-term support, and currently closing above the 25,000 level has further improved bias and sentiment overall. With the broader markets supporting the benchmark index, on the upside, Nifty must exceed the important hurdle of the 25,250 to 25,300 zone, establishing further stability and conviction for further upward movement in the coming days." On the outlook of the Bank Nifty today, Parekh said, "The Bank Nifty index continues to remain sluggish with no clear directional move, hovering near the important 50-DEMA zone at 55,800 level. A decisive breach above the 56,200 zone would improve the bias, and thereafter, expect further upward movement in the coming days. On the downside, the 55,000 level would remain the important support zone that needs to be sustained to maintain the overall bias intact." Parekh said that the immediate support for the Nifty 50 index is at 24,900, while the resistance is at 25,300. The Bank Nifty would have a daily range of 55,300 to 56,200. Regarding intraday stocks to buy today, Vaishali Parekh recommended these three buy-or-sell stocks: HCL Technologies, Mazagon Dock Shipbuilders, and Samvardhana Motherson. 1] HCL Technologies: Buy at ₹ 1494, Target ₹ 1550, Stop Loss ₹ 1470; 2] Mazagon Dock Shipbuilders: Buy at ₹ 2770, Target ₹ 2900, Stop Loss ₹ 2720; and 3] Samvardhana Motherson: Buy at ₹ 97, Target ₹ 105, Stop Loss ₹ 95. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
