Tata Group Stocks:
Most of the Tata Group companies have given excellent returns to investors in the stock market. Tejas Networks Limited is also one of these companies. The company's share price has risen more than 46% over the past year. According to experts close to the Tata group company, the company's share price may go beyond Rs 1,000 in the coming days.
Double returns in two years
The share price of Tejas Network Limited has increased by 521 percent in the last three years. In the last two years, the stock has managed to deliver a 100% return. However, the company's growth in the stock market could not be sustained last year. The return over this period is less than 50 per cent. The stock has fallen 2.78% in the past three months.
Share price
Shares of Tejas Network Ltd closed 0.82 per cent higher at Rs 865.15 on the BSE at the close of trade on Friday. The last time the company paid a dividend was in 2019. Eligible investors then had a profit of Rs 1 per share.
Brokerage's advice
Domestic brokerage house MK Global believes that the share price of Tejas Network Limited could go up to Rs 1,050. The brokerage has a buy rating for the stock. Tejas Network Limited currently operates in 75 countries. The company manufactures optical and data networking products.