Tejas Networks hits new high, gains 5% on receiving Rs 750 cr from TCS

Shares of Tejas Networks rallied 4.7 per cent to hit a new high at Rs 935 on the BSE in Friday’s trade after the company said it received Rs 750 crore for the BSNL project.

At 09:42 AM, the stock had pared some gains and was up 1.5 per cent at RS 907. The counter saw trades of around 30,000 shares on the BSE as against the two-week average volume of around 72,000 shares. Meanwhile, the S&P BSE Sensex was up 0.3 per cent at 66,471.