Tejas Networks shares surged today, February 26, 2026, gaining approximately 10% to hit an intraday high of ₹349.65. This rally effectively snapped a four-day losing streak and was triggered by the announcement of a strategic agreement with NEC Corporation. Under this pact, Tejas will manufacture and supply 5G massive MIMO radios, a move designed to diversify the global telecom supply chain. Massive MIMO technology is a critical component of 5G infrastructure. By using dozens of antennas to create precise data beams, it significantly increases network capacity and signal reliability. Tejas will provide high-capacity 32TR and 64TR radios that comply with global O-RAN standards, positioning the company as a key player in the transition to 5G-Advanced solutions. The market reaction has been swift, with nearly 1.6 million shares changing hands on the BSE alone. The stock’s performance today outpaced the broader Sensex, which saw a modest gain of 0.27%. While the company has faced a challenging year with a 52-week high of ₹914.50 and a low of ₹294.10, today’s 8% to 10% jump reflects renewed investor confidence in its international expansion strategy. Financial data for the third quarter of fiscal year 2026 shows a revenue increase of 17% to ₹307 crore. Despite this growth, the company reported a net loss of ₹197 crore for the quarter, largely due to high inventory levels and operational costs associated with large-scale projects. However, the order book remains healthy at ₹1,329 crore, with a significant 92% of orders currently coming from the Indian market. The collaboration with NEC is expected to shift this balance by scaling the company’s wireless business across Europe, Latin America, and Africa. This partnership follows a previous memorandum of understanding valued at $500 million aimed at co-developing 6G technologies and promoting Indian exports. India is currently the second-largest 5G market globally, with over 400 million subscribers. Local infrastructure deployment has reached 99.6% of districts, supported by nearly 4.69 lakh base stations. The Indian 5G market is projected to grow to over $178 billion by 2031, providing a massive domestic runway for Tejas as it integrates into the global ecosystem through the Tata Group's backing. Current market data shows Tejas Networks trading above its 5-day and 20-day moving averages, indicating a strong short-term rebound. The company continues to invest heavily in innovation, filing 26 new patents this quarter to reach a global total of 613. These advancements in indigenous 4G and 5G stacks are central to the company's goal of achieving long-term technical self-reliance and international competitiveness.