Vijay Kedia Portfolio: Tejas Network’s share price has moved upwards after the announcement of its final agreement to acquire 64.4 percent of the shares in Saankhya Labs Private Ltd. The telecom hardware company is expected to benefit from Tata investments and is also rolling out 5G in India. Therefore, Dalal Street has risen for this Vijay Kedia share after almost 6 months of consolidation. The multibagger share has reached the upper circle during the last 3 trading sessions.
Speaking of what drives Tejas Network’s share price; Ravi Singh, Head of Research & Vice President at Share India said: “Tejas Network’s shares are moving north since the company signed a definitive agreement to acquire 64.4 percent of the shares in Saankhya Labs Private Ltd for ₹SEK 283.94 million in cash. Saankhya is a first-class company for wireless communication and semiconductor solutions based from Bengaluru. The acquisition of Saankhya will not only improve the company’s wireless offerings but also its customer base in India and international markets. “
To highlight the existing foundations of the company; Ravi Singhal, Vice President of GCL Securities, said: “Following the announcement by the Government of India that the 5G expansion in India will be made 100 percent in India, Tejas Networks is expected to emerge as one of the biggest beneficiaries of this government. Move. From this, the Tata Group has invested in this telecom hardware company, which means that there is a high probability that TataSky will use Tejas Network’s advanced technology and expertise that will lead to more revenue for both companies. this multibagger stock. “
Ravi Singh from Share India commented on Tejash Network’s stock price chart: “In technical installation, the stock is in a cycle of rising higher and higher low from the swing low level of 360 levels, indicating inherent strength in the disk. On the daily chart, the stock has managed to close all the major MAs that support other momentum indicators. “
Tejas Networks stock price history
Tejas Networks shares are one of the multibagger shares in 2021. This telecom share has been in a consolidation phase for the past 6 months and has still managed to deliver a 155 percent return to its shareholders over the past year.
Vijay Kedia shareholding in Tejas Networks
According to Tejas Network’s shareholder pattern for October to December 2021, Vijay Kedia has invested in this company through its company Kedia Securities Private Limited. Kedia Securities Private Limited owns 39 lakh Tejas Networks shares, which is approximately 3.42 percent of the company’s net paid-in capital.
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