Tejas Networks Tumbles 6.5% After Q1 Loss, Hits 14-Month Low

Ltd closed 6.47% lower today after plunging over 10% in morning trade, breaching the key support level of ₹646 and hitting an intraday low of ₹627.45 — its lowest since May 2023. The stock later recovered slightly to end just above ₹650. The sharp decline followed disappointing Q1 results, with the company reporting a net loss of ₹194 crore and an 87% year-on-year revenue drop. Tejas Networks designs and sells high-performance telecom products used in high-speed communication networks across telecom, defense, utilities, and government sectors. Its software-defined hardware is widely deployed by global network operators in multiple countries. Prices have now declined as much as 58% from the peak! Will the downtrend continue or is this a value buying opportunity? What do you think? Comment below! Disclaimer: This post is intended solely for informational purposes and should not be construed as a recommendation to buy, sell, or hold any security. Investors/Traders are advised to consult their certified financial advisor before making any investment decisions.