Tejas Networks, TTML Shares Surge Amid Heavy Volumes

Shares of Tejas Networks and Tata Teleservices (Maharashtra), or TTML, jumped sharply in Friday’s trade, accompanied by unusually high trading volumes. Tejas Networks had a clear fundamental trigger, a ₹1,537 crore Letter of Intent (LoI) from Tata Consultancy Services for BSNL’s 4G rollout.

Newgen Software Technologies, however, did not show a comparable rally based on the latest available market data. The stock was trading largely flat around ₹522, so investors should distinguish its price action from the sharp moves seen in Tejas Networks and TTML.

Why did Tejas Networks shares surge?

Tejas Networks emerged as one of the biggest movers of the session after announcing a major order opportunity from Tata Consultancy Services (TCS).

The telecom equipment maker received an LoI from TCS on August 27 for supplying Radio Access Network (RAN) equipment, accessories and installation materials for BSNL’s 4G mobile network. The proposed order is worth ₹1,537 crore and covers 18,685 sites.

The size of the order is significant. Tejas Networks had an order book of ₹1,529 crore at the end of the June quarter, meaning the new LoI alone is slightly larger than its existing Q1 FY27 order book.

Tejas Networks share price and volume

Tejas Networks opened at ₹540.60 on the BSE, compared with its previous close of ₹510.85, and climbed as high as ₹576.80 in early trade. That represented an intraday gain of nearly 13%.

Trading activity also surged.

By 10:45 am, around 21.07 lakh shares had changed hands on the BSE. This was roughly 40.46 times its two-week average daily volume of 52,075 shares.

By 11:45 am, BSE volume had increased to 24.32 lakh shares, compared with a one-month daily average of just 75,356 shares. The stock was trading around ₹558.20, up 9.27% at that point.

What does the ₹1,537 crore order mean for Tejas Networks?

The LoI strengthens Tejas Networks’ role in India’s indigenous telecom equipment ecosystem.

The equipment is intended for BSNL’s ongoing 4G network expansion. Tejas Networks is expected to supply RAN equipment and related materials across 18,685 sites.

There is one important distinction for investors. The company has received an LoI, not the final detailed purchase order. Tejas Networks said TCS would issue the detailed purchase order in due course.

That means the development is commercially significant, but investors should continue tracking subsequent exchange filings for execution schedules and other details.

How is Tejas Networks performing financially?

The company’s June-quarter revenue nearly doubled to ₹402 crore in Q1 FY27, compared with ₹202 crore in the corresponding quarter a year earlier.

Profitability remains a challenge. Tejas Networks reported a net loss of about ₹202 crore, compared with a loss of ₹194 crore in Q1 FY26.

So, while the new order can strengthen revenue visibility, order execution and improvement in profitability remain important factors to monitor.

Why did Tata Teleservices shares rise?

Tata Teleservices (Maharashtra) also recorded strong buying activity on Friday.

At 11:45 am, TTML shares were up 6.85% at ₹39 on the BSE. Around 22.85 lakh shares had traded, compared with the stock’s one-month average daily volume of only 1.87 lakh shares.

Earlier in the session, the stock had traded around ₹39.29, up about 7.6% from the previous close.

Was there any major TTML announcement?

Unlike Tejas Networks, the available market information did not establish a major company-specific announcement behind TTML’s rally.

That distinction matters.

High trading volumes can indicate increased market participation, but volume alone does not explain why investors are buying. Without a fresh material exchange filing or corporate announcement, investors should be careful about attributing TTML’s rise to a particular development.

What happened to Newgen Software shares?

Newgen Software’s price action was much more subdued than that of Tejas Networks or TTML.

Latest available data showed Newgen Software around ₹522.15, broadly flat for the session. Its 50-day moving average was around ₹521.62, putting the stock close to that technical reference level.

The previous session had also been relatively quiet. Newgen closed around ₹523 on August 27, with its day’s range between roughly ₹520 and ₹532.

Therefore, while Newgen Software may appear on traders’ volume or momentum screens at different points during the session, the latest verified data does not support describing it as having surged alongside Tejas Networks and TTML.

How do the three stocks compare?

Stock	Friday price action	Key trigger
Tejas Networks	Up around 9% at 11:45 am, after rising nearly 13% intraday	₹1,537 crore TCS LoI for BSNL 4G rollout
Tata Teleservices (TTML)	Up around 6.9% at 11:45 am	Heavy trading activity, no clear company-specific catalyst established
Newgen Software	Largely flat around ₹522	No comparable rally in latest available data

Market prices are intraday and can change rapidly.

Should investors chase stocks after a volume spike?

A sharp increase in volume can confirm that a stock is attracting unusually strong interest, but it is not, by itself, a buy signal.

Investors should check three things before drawing conclusions:

1. What triggered the move? An order win or earnings surprise is different from an unexplained momentum rally.
2. Is the development material? Compare an order’s size with the company’s revenue, order book and market capitalisation.
3. Can the company convert the trigger into earnings? Revenue growth without improving margins or profitability may not translate into sustainable shareholder returns.

Tejas Networks is a useful example. The ₹1,537 crore LoI is substantial relative to its existing order book, but the company is still loss-making. Both facts matter when assessing the stock.

FAQs

Key takeaways

• Tejas Networks surged after receiving a ₹1,537 crore LoI from TCS related to BSNL’s 4G rollout.
• Tejas Networks’ BSE trading volume jumped to more than 40 times its two-week average during morning trade.
• TTML gained around 7% with a sharp increase in trading activity, although no clear company-specific trigger was established.
• Newgen Software remained broadly flat in the latest available data and should not be grouped with the other two as a comparable price surge.
• Investors should distinguish between rallies backed by material corporate developments and moves driven mainly by market momentum.

Stock prices and trading data mentioned above are intraday or latest available figures and may change during the session. This article is for informational purposes and does not constitute investment advice.