Buy Tejas Networks, target price Rs 1,050: Emkay Global Financial Services, ET Telecom
"Tejas Networks (Tejas), India’s largest R&D-driven telecom equipment company, designs and manufactures wireline/wireless networking products. We expect Tejas to execute orders worth at least Rs292bn over FY24-28E, and generate revenue/EBITDA above Rs300bn/Rs60bn, respectively, led by the BSNL and BharatNet projects."
Bhaskar Ramamurthi Arnob Roy Chandrashekhar Bhaskar Bhave Anands Athreya N Ganapathy Subramaniam Aliceg Vaidyan
Source: indiatimes.com