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Tejas Networks Limited (NSE: TEJASNET) extends gains, moves up 5% intraday

Tejas Networks Limited (NSE: TEJASNET) stock price moves up 5% intraday, showing strong upward momentum despite the 6M trendline status being CONSOLIDATING UP..

abhinav tiwari

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Tejas Networks Limited TEJASNET extends gains

Tejas Networks Limited (TEJASNET) extended gains by +5% today, pushing higher to ₹636.0 on the NSE. This move comes after the company reported its 26th Annual General Meeting results, which may have provided some positive sentiment. Tejas Networks, a key player in the technology sector specifically within communication equipment, saw its stock price rise despite the consolidating up trend, indicating a company-specific catalyst rather than broad sector momentum.

Technical setup — trendlines & DMA

From a technical standpoint, Tejas Networks is currently trading above its 6-month support trendline, which ends at ₹454.46, and is comfortably positioned below the resistance trendline at ₹667.11. The stock is notably extended, sitting 20% above its 50-day moving average (DMA) of ₹501.9, suggesting a stretched move. Despite this, the 50-DMA is above the 200-DMA of ₹468.3, indicating a bullish trend. The stock is in the upper third of its 52-week range, which spans from ₹294.0 to ₹722.0, implying that a substantial portion of its potential upside may already be priced in.

6M Trendline — Intraday Snapshot
CONSOLIDATING UP₹450₹500₹550₹6001 Apr4 May1 Jun30 Jun

Snapshot: ₹636.00 on 2026-06-30 (chart frozen at publication)

Fundamentals & business context

On the fundamental front, Tejas Networks presents a mixed picture. With a PE ratio of n/a due to negative profit margins of -82.4% and a moderate revenue CAGR of 6.1%, the market seems to be pricing in a potential turnaround rather than reflecting current earnings. The company’s institutional ownership stands at a robust 61.6%, suggesting that smart money sees value or potential in the stock. There was no specific NSE catalyst today beyond the AGM results, indicating that the move may be driven by broader market sentiment or technical factors.

TEJASNET
Holdings Analysis
Key strengths & risk signals
53
Overall
37
Fundamental
69
Technical
Risks (4)
Cannot calculate PEG - insufficient growth data.
RECOVERY MODE! Current price (491.1) above 200-day but below 50-day.
WEAK YEAR! Stock declined 15.2% in the last year.
NEGATIVE MOMENTUM! Price declined across timeframes - down 5.0% (1 week), 10.7% (1 month), 19.8% (3 months).
Strengths (3)
BULLISH TREND! 50-day average (529.3) is above 200-day average (470.6) - positive signal.
BULLISH SENTIMENT! In last 30 days: 13 up days, 17 down days. Avg volume on up days: 7,378,300 vs down days: 1,895,755. Ratio: 3.89x
LOW VOLATILITY! Beta of -0.10 - stable stock, less market risk.

Algorithmic scorecard

The algorithmic scorecard for Tejas Networks reflects a technically strong but fundamentally weak profile. The stock’s bullish sentiment, with a 2.55x higher average volume on up days compared to down days over the last 30 days, points to systematic accumulation. Additionally, the low volatility, indicated by a beta of -0.20, suggests that Tejas Networks is a stable stock with less market risk. However, the company’s declining profit margins and the recent quarterly loss are significant risks. The negligible dividend yield of 0.42% also implies that income-seeking investors may find limited appeal in this stock.

Fundamental & Technical AnalysisNSE: TEJASNET
53Overall
37Fundamental
69Technical
Growth Quality10 / 30
Revenue CAGR: 6.1% (MODERATE, 8/15). Profit CAGR: 0% (DECLINING, 2/15).
Profit Margin2 / 10
LOW MARGIN! -70.4% profit margin - thin profits.
PEG Valuation0 / 10
Cannot calculate PEG - insufficient growth data.
Dividend Yield3 / 10
NEGLIGIBLE DIVIDEND! 0.42% yield - little to no income.
Debt / Equity6 / 10
MODERATE DEBT! D/E of 0.89 - acceptable leverage.
Public Holding14 / 20
MODERATE PUBLIC HOLDING! 29.21% public ownership - balanced ownership structure.
Stability2 / 10
CAUTION! Company made loss in last quarter. Be careful.
Moving Averages12 / 10
BULLISH TREND! 50-day average (529.3) is above 200-day average (470.6) - positive signal.
Price Position2 / 10
RECOVERY MODE! Current price (491.1) above 200-day but below 50-day.
Trend Pattern10 / 20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance2 / 10
WEAK YEAR! Stock declined 15.2% in the last year.
Volume Sentiment30 / 30
BULLISH SENTIMENT! In last 30 days: 13 up days, 17 down days. Avg volume on up days: 7,378,300 vs down days: 1,895,755. Ratio: 3.89x
RSI4 / 5
APPROACHING OVERSOLD! RSI at 36.8 - watch for reversal.
52W Range3 / 5
MID RANGE! Trading at 56.2% of 52W range - neutral zone.
Momentum1 / 5
NEGATIVE MOMENTUM! Price declined across timeframes - down 5.0% (1 week), 10.7% (1 month), 19.8% (3 months).
Beta / Volatility5 / 5
LOW VOLATILITY! Beta of -0.10 - stable stock, less market risk.

Company outlook

In its recent quarterly update, Tejas Networks highlighted several areas of focus. The company expects better financial results in FY27, driven by current investments and business outlook. Management is aiming for a PAT positive status in FY27, signaling a shift towards profitability. Additionally, the anticipation of significant collections from BSNL is expected to reduce receivables, improving cash flow. Faster delivery and installation times for add-on orders, due to prior testing and integration, are also expected to enhance operational efficiency.

Looking ahead, Tejas Networks has set several key targets for FY27. The company expects to achieve PAT positive status by the end of the fiscal year, a significant milestone given the recent quarterly loss. Management is optimistic about significant collections from BSNL, which are expected to reduce receivables and improve financial health. Additionally, the company anticipates faster delivery and installation times for add-on orders, thanks to prior testing and integration efforts. These initiatives are expected to drive operational efficiency and support the company’s growth trajectory.

Get all details on TEJASNET — P&L, peers, shareholding and more on TradeAlone.

Communication Equipment

Pace Digitek Limited (pacedigitk) Secures ₹92.9 Crore Order for BESS Supply and Commissioning Support

Pace Digitek Limited (PACEDIGITK) secures ₹92.9 crore order for BESS supply and commissioning support, boosting its BESS business and manufacturing capacity.

priyanka verma tradealone

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Pace Digitek Limited Pacedigitk BESS Order August 2026

Pace Digitek Limited (NSE: PACEDIGITK) announced that its material subsidiary, Lineage Power Private Limited (LPPL), has received a Letter of Award from Kalpa Power Private Limited for the supply and commissioning support of a Battery Energy Storage System (BESS). The order, valued at ₹92.9 crore, is scheduled for completion by 31 December 2026. This order adds to Pace Digitek’s growing BESS business and strengthens near-term visibility for its manufacturing operations.

Scaling Manufacturing Capacity

The project will be supplied from the Company’s BESS manufacturing platform, which has recently been expanded to 5 GWh of installed capacity. Over the past year, Pace Digitek has manufactured more than 300 utility-scale BESS containers, representing approximately 1.5 GWh of battery energy storage capacity. The Company has been progressively scaling its manufacturing capabilities to address growing demand for utility-scale and Commercial & Industrial (C&I) energy storage applications.

Future Expansion Plans

The Company’s BESS manufacturing capacity has increased from 2.5 GWh to 5 GWh, with a further phased expansion towards 10 GWh targeted by the end of FY2027. The expansion is expected to provide additional capacity to support product supplies as well as the Company’s participation in integrated BESS projects. This strategic move underscores Pace Digitek’s commitment to meeting the escalating demand for energy storage solutions.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Pace Digitek Limited

Pace Digitek Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

PACEDIGITK
Technology › Communication Equipment
APPROACHING SUPPORT
82
Fundamental
56
Technical
69
Overall

1W +4.49%
1M -8.14%
3M -20.22%
P/E: 11.5 Cap: Small
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Pace posts a 1.0% three-month gain, but softens in the last few weeks. The PEG of 0.07 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Revenue grows at 73.9% and profits at 175.1% CAGR. Both numbers are exceptional. The stock gives back 12.9% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 73.9% and profits at 175.1%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Pace Digitek Limited.

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Communication Equipment

Paramount Communications Limited (paracables) Q1 FY27: Robust Start with 17.4% Revenue Growth

Paramount Communications Limited (NSE: PARACABLES) reports a robust start to FY27 with 17.4% revenue growth and a 320 bps YoY increase in operating margin.

seema chauhan author

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Paramount Communications Limited Paracables Q1 FY27 Results

Paramount Communications Limited (NSE: PARACABLES) announced its financial results for the quarter ended June 30, 2026, marking a robust start to FY27. The company reported a 17.4% year-over-year revenue growth, reflecting sustained demand across its key business segments. The operating margin increased by 320 basis points to 6.6%, showcasing improved operational efficiencies.

Financial Performance

The revenue from operations stood at ₹529.4 crore, down 7.7% quarter-over-quarter but up 17.4% year-over-year. Total income was ₹532.5 crore, up 13.6% YoY. The operating profit (excluding other income) was ₹347 crore, a significant 16.3% increase QoQ and 129.2% YoY. The EBITDA (including other income) was ₹37.8 crore, up 14.1% YoY.

Operational Highlights

Export revenue contributed 29.3% of total revenue, standing at ₹155 crore. The orderbook was approximately ₹615 crore as of June 30, 2026, indicating strong future demand. Working capital days improved to 96 days, down from 101 days in the previous quarter. Receivable days also improved to 64 days from 79 days QoQ.

As Paramount Communications Limited continues to expand its product capabilities and market presence, the company remains confident about maintaining its momentum through the year and creating sustainable long-term value for its stakeholders.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Paramount Communications Limited

Paramount Communications Limited belongs to the › sector. Here’s a quick read on where the business and the stock stand today.

PARACABLES
Technology › Communication Equipment
CONSOLIDATING DOWN
60
Fundamental
66
Technical
64
Overall

1W -7.67%
1M -9.65%
3M -18.36%
P/E: 28.3 Cap: Small
AI-Powered Analysis • TradeAlone
Download the App for in-depth analysis of this stock

Paramount gains 16.0% over three months and trades near its 52-week highs. The PEG stands at 4.32 — severely stretched. Any earnings miss could trigger a sharp de-rating. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. The stock gives back 0.1% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 34.7% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of Paramount Communications Limited.

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Communication Equipment

Sterlite Technologies Limited (STLTECH) breaks out, gains 5% intraday

Sterlite Technologies Limited (STLTECH) cleared its 6M resistance trendline, gaining 5% intraday to ₹651.0.

adit chauhan author tradealone

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Sterlite Technologies Limited STLTECH breakout

Sterlite Technologies Limited (STLTECH) breaks out with a +5% gain to ₹651.0 on the NSE on 12 Aug 2026, clearing its 6-month resistance trendline. This move is driven by technical momentum, with the stock now trading 20.9% above its previous resistance at ₹515. STLTECH, a player in the technology sector under communication equipment, has shown a company-specific surge, outperforming broader sector trends which remain mixed.

Technical setup — trendlines & DMA

The current 6-month trendline structure shows a robust breakout. The 6-month support floor stands at ₹483.67, which is 25.70% below today’s price, indicating a solid cushion. Resistance was previously at ₹515.19, which the stock has now surpassed by 20.86%. The 50-day moving average (DMA) at ₹582.5 is above the 200-DMA at ₹286.3, signaling a bullish trend. The stock is not just recovering but is extended above both moving averages, reflecting strong upward momentum. In the 52-week range of ₹84.6 to ₹679.9, the current price is in the upper third, suggesting that a significant portion of the move is already priced in, though there’s still room for further gains.

6M Trendline — Intraday Snapshot
BREAKOUT₹200₹300₹400₹500₹6001 Apr18 May1 Jul12 Aug

Snapshot: ₹651.00 on 2026-08-12 (chart frozen at publication)

Fundamentals & business context

With a PE ratio of 135.1, STLTECH’s valuation appears stretched, especially given its current profit margin of 4.3% and a revenue CAGR of -11.8% over the past five years. This suggests that the market might be pricing in a potential turnaround, despite the company’s recent financial performance. Institutional ownership at 18.3% indicates a cautious but present interest from smart money, though it’s not overwhelmingly bullish. There’s no NSE catalyst today, reinforcing that the move is technical rather than news-driven.

STLTECH
Holdings Analysis
Key strengths & risk signals
52
Overall
30
Fundamental
75
Technical
Risks (2)
Cannot calculate PEG - insufficient growth data.
HIGH VOLATILITY! Beta of 1.60 - significantly more volatile, higher risk.
Strengths (3)
BULLISH TREND! 50-day average (689.6) is above 200-day average (395.0) - positive signal.
EXCELLENT YEAR! Stock gained 618.3% in the last year.
STRONG! Trading at 89.5% of 52W range - near yearly highs.

Algorithmic scorecard

The overall algorithmic scorecard reflects a technically strong but fundamentally weak position. Two of the strongest signals are the bullish trend, with the 50-DMA above the 200-DMA, and the stock’s excellent performance over the last year, up 400%. These indicate a positive technical setup and strong momentum. However, the weakest signals highlight declining revenue and profit CAGRs, coupled with low profit margins, which pose significant risks. The negligible dividend yield and the company’s unstable profit track, with two loss-making quarters detected, further underscore the fundamental challenges STLTECH faces.

Fundamental & Technical AnalysisNSE: STLTECH
52Overall
30Fundamental
75Technical
Growth Quality4 / 30
Revenue CAGR: -11.8% (DECLINING, 2/15). Profit CAGR: -26.5% (DECLINING, 2/15).
Profit Margin2 / 10
LOW MARGIN! 4.3% profit margin - thin profits.
PEG Valuation1 / 10
Cannot calculate PEG - insufficient growth data.
Dividend Yield3 / 10
NEGLIGIBLE DIVIDEND! 0% yield - little to no income.
Debt / Equity6 / 10
MODERATE DEBT! D/E of 0.97 - acceptable leverage.
Public Holding10 / 20
SIGNIFICANT PUBLIC HOLDING! 36.81% public ownership - moderate retail influence.
Stability4 / 10
CAREFUL! Company does not have stable profit track. 2 loss-making quarters detected.
Moving Averages12 / 10
BULLISH TREND! 50-day average (689.6) is above 200-day average (395.0) - positive signal.
Price Position8 / 10
STRONG POSITION! Current price (825.4) is above both moving averages.
Trend Pattern10 / 20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance10 / 10
EXCELLENT YEAR! Stock gained 618.3% in the last year.
Volume Sentiment20 / 30
BULLISH SENTIMENT! In last 30 days: 17 up days, 13 down days. Avg volume on up days: 1,750,405 vs down days: 1,558,924. Ratio: 1.12x
RSI3 / 5
NEUTRAL! RSI at 58.7 - balanced momentum.
52W Range5 / 5
STRONG! Trading at 89.5% of 52W range - near yearly highs.
Momentum5 / 5
STRONG MOMENTUM! Price has grown across all timeframes - up 1.4% (1 week), 14.0% (1 month), 34.6% (3 months). Momentum is accelerating.
Beta / Volatility2 / 5
HIGH VOLATILITY! Beta of 1.60 - significantly more volatile, higher risk.

Company outlook

Management has provided a positive outlook, expecting continued improvement in capacity utilization and a strong demand from hyperscalers and Neoclouds for data center capacity build-out. They aim to increase the data center and enterprise segment to 50% of revenues in the current fiscal and move EBITDA margin towards 23% as guided. Plans include investing INR 500 crores per year for the next three years in upgrading equipment and debottlenecking, and a $100 million investment over five years in a U.S. plant for connectivity solutions. These initiatives signal a strategic focus on growth segments and operational efficiency.

Get all details on STLTECH — P&L, peers, shareholding and more on TradeAlone.

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