If there is one thing that is changing rapidly day by day in India, then it is the world of information sector. This sector is changing so fast that new products are coming in the market every day. The Internet and its infrastructure play the most important role behind all these changes.
Be it Airtel or Jio or any other communication company, all are dependent on companies that build and sell internet infrastructure. Shares of Tejas Networks, which has proven to be a multibagger, may have closed down by 6.13 percent on July 22, but in the last 6 months, this company has returned more than 77% profit to its investors.
The share came from just ₹31 to Rs 1319.
The company's shares were at just 31.15 in 2020 but after that the company has provided a return of 1464 percent in the last 5 years. This company manufactures many products related to fiber optic cable and data networking which are used by telecom service providing companies and in government and defense networks.
Kedia has played a big bet.
Talking about the current investors, Vijay Kedia has invested in this multibagger telecom stock. If we look at the figures, as per the report of June 2024, he has a stake of 1.87 percent while the promoters have a stake of 55.50%.
If anything positive happens today in the budget session regarding telecommunication network etc. then its effect can be directly seen on the shares of this company today.
