New Delhi, March 24 -- Tejas Networks recently bagged PLI (production-linked incentives) sops worth Rs.123.45 crore from the department of telecommunications under the government's overarching 'Make in India' push.

For the Tata Group-backed optical and data networking product manufacturer, which had reported a bottom line of Rs.166 crore in the December quarter, the PLI for FY24 has enthused investors. The stock has soared by more than 20% since the announcement on 13 March.

This was a welcome respite for the stock, which had doubled investor wealth in just three months until end-June last year only to wipe out all of the gains in the steep 50% correction seen in the stock since early December 2024.







Notwithstanding the recent spi...