Buy Tejas Networks; target of Rs 396: Edelweiss

Edelweiss’ research report on Tejas Networks

We recently attended Tejas Networks (Tejas) analyst day. Key takeaways: 1) strong demand for the companys products spearheaded by private operators sharpening focus on fiberisation & network capacity upgrades and governments investments in the Bharatnet project; 2) Tejas is gaining good traction in targeted geographiesSouth East Asia, Africa & MENA and North America; 3) it is developing products to ride the demand from 5G upgrade; and 4) the company is targeting specific applications leveraging its strength in converged products.


We believe, Tejas business model is well suited to benefit from strong order flow led by burgeoning fiber investments. Maintain BUY with target price of INR396.

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First Published on Jun 20, 2018 05:35 pm

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