Bengaluru, June 6 -- This Tata Group Stock, engaged in designing, developing, and manufacturing telecom and networking products, offering solutions for wireless, optical, broadband, and satellite communication technologies, jumped 5 percent after receiving Rs. 123 crore from the Department of Telecommunications under the Production Linked Incentive (PLI) Scheme.

With a market capitalization of Rs. 12,860.93 crores, the share of Tejas Networks Limited has reached an intraday high of Rs. 750 per equity share, rising nearly 4.81 percent from its previous day's close price of Rs. 715.60. Since then, the stock has retreated and is currently trading at Rs. 728.30 per equity share.

Tejas Networks Limited has received Rs. 122.96 crore from the...