On 26th March, the stock price of Tejas Network dropped by 6.13%, closing at INR 748.65. This fall has created tension towards the investor, but the main reason for the drop is here:
Result of weak Quarterly
The Tejas Network made a profit of INR 165.67 crore in the third quarter of the financial year 2024-25, but this was 39.8%, which is lower than the previous quarter. So the company's revenue also dropped by 5.9% over the last two quarters. So, these lower numbers may have caused worry in the market.
Increase in Inventory and Receivables
This stock of goods increased to INR 3,853 crore due to more shipments of wireless products, so the company's trade receivables also rose to INR 2052 crore. This means they expect more revenue, which has caused tension about short-term cash flow.
Industry Problems
In general, it has been unstable lately, which has affected this company. On 24th January 2025, the stock fell by 7.87%, and the BSE Telecommunication Index also went down by 0.69% over the past month.
Big Investir Selling Shares
Here, the institutional investors have reduced their holdings in the company:
- Domestic investor lowered their stake from 4.76% to 4.65%.
- Foreign investor reduced their shares from 9.58% to 8.04%.
Also, check - Swan Energy Share Falls 6.05% – Reason Explained
Conclusion
Tejas Network’s stock is due to falling profit, selling shares, cash flow, and many other factors; investors should keep an eye on the company's next financial report and make trends before making any decision.
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