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Bloomberg Quint

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Image Credit: Bloomberg Quint

Tejas Networks Shares Plunge 10% After Q1 Loss

  • Tejas Networks shares plunged 10% after reporting a net loss of Rs 193.9 crore for the April-June quarter.
  • The company's revenue fell by 87% to Rs 201.98 crore, with a loss in earnings before interest, tax, depreciation, and amortization of Rs 135.67 crore.
  • Shares fell to a 52-week low of Rs 627.45 apiece on the National Stock Exchange, with a total traded volume 28 times its 30-day average.
  • The stock has declined 54% in the last 12 months and 45% year-to-date.

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