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Buy Tejas Networks, target price Rs 1,050: Emkay Global Financial Services, ET Telecom

Published: December 27, 2023

"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."

Source: indiatimes.com

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