Tejas Network zooms 20% to 52-week high on stellar Q4 score, Emkay raises target

Tejas Networks reported Rs 8,221 crore, Rs 7,958 crore and Rs 263 crore, with movement of 20% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -3.4% on the day at ₹450.90, and has returned -15.8% over three months. It sits 29% below its 52-week high, which means a good deal of bad news was already in the price. The telecom & media sector has moved +3.4% over the same period, so Tejas Networks is running 19.2 points behind its peers.

This is an Order book / contract win event. Order inflow is the only forward-looking number most capital-goods and infrastructure companies disclose. What matters is execution pace and margin on the book, not the headline value. On the day the stock is -3.4%, so the market took notice.