Tejas Networks shares rallied nearly 6% in early trade on May 26 after an exclusive report by CNBC-TV18, citing sources, said Tata Sons’ board meeting scheduled for today is likely to discuss future business plans for several Tata Group companies, including Tejas Networks.
The stock was trading at ₹501.9 apiece on the NSE, up around 6% at the time of publishing. Tejas Networks touched an intraday high of ₹503.3 during the session.
According to the CNBC-TV18 report, Tata Sons chairman N Chandrasekaran and company leaders are expected to present business plans for five Tata Group entities, including Air India, Tata Digital, EV infrastructure venture Agastya, Tejas Networks and others. The report also said issues raised by Noel Tata in the previous board meeting are likely to be discussed.
The report further noted that the Tata Sons listing issue may also come up for discussion, though the board remains divided on the matter. Sources told CNBC-TV18 that some members, including Venu Srinivasan, have spoken in favour of listing, while certain Tata veterans have expressed concerns that listing could alter the group’s long-standing ethos and values.
For Tejas Networks, the discussion around future business plans is being seen positively by investors as it could indicate greater strategic focus and potential investments in the telecom and networking business. The company has been a key Tata Group bet in telecom infrastructure and 5G-related opportunities, particularly after Tata Sons-backed Tata Communications chairman Ganesh Lakshminarayanan also became chairman of Tejas Networks earlier this year.
Investor sentiment around Tejas Networks has remained sensitive to developments linked to Tata Group’s telecom and digital ambitions, with markets closely tracking any commentary related to expansion plans, capital allocation and execution roadmap.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice.