Tejas Networks, a company within the Tata Group, has seen a remarkable increase in its shares, which rose by over 15% to reach ₹367. This surge was triggered by the company's announcement of a strategic collaboration with NEC Corporation aimed at the manufacturing and supply of 5G massive MIMO radio technology. This technology employs multiple inputs and outputs to create precise beams, enhancing the capacity, coverage, and user speed of 5G networks, particularly in the mid-band spectrum that plays a crucial role in accommodating simultaneous data streams for numerous users.

In the past month, Tejas Networks has experienced a 19% rise in its stock value, highlighting the growing investor confidence in the company's potential within the expanding 5G market. The company's market capitalization has reached ₹5,646 crore, and a total of 1.609 million shares were traded on the Bombay Stock Exchange (BSE), generating a transaction volume of ₹55.15 crore. This significant trading activity reflects heightened interest from the market, driven by the optimism around the new technology agreement and its implications for Tejas Networks' growth.

The partnership with NEC Corporation marks a significant milestone for Tejas Networks, positioning it not only as a key player in the domestic telecom sector but also enhancing its prospects for expansion into global markets. As the demand for 5G infrastructure continues to grow, such strategic collaborations will be pivotal in navigating competitive landscapes and driving innovation in telecommunications.