Shares of Tejas Networks witnessed a sharp surge on Thursday, climbing nearly 20% intraday and extending a four-session rally to roughly 32%, as investors aggressively accumulated the stock amid improving sentiment around India’s telecom infrastructure and domestic manufacturing ecosystem.

The stock touched around Rs 554.9 during the session, reflecting one of the strongest short-term rallies among telecom technology counters in recent weeks. The sharp upward move comes at a time when investor interest is increasingly shifting toward companies linked to India’s digital infrastructure buildout, telecom network expansion, and government-backed localisation initiatives.

Market participants have been closely tracking telecom equipment and network solution providers after the government intensified its focus on indigenous telecom technology under strategic programs such as production-linked incentives and trusted telecom sourcing frameworks. Companies operating in optical networking, broadband infrastructure, and wireless communication equipment have increasingly emerged as beneficiaries of this structural shift.

Tejas Networks, which operates in telecom networking and broadband equipment, has remained a key proxy for investors seeking exposure to India’s domestic telecom manufacturing ambitions. The company’s positioning becomes particularly relevant as telecom operators continue to invest in 4G expansion, fibre deployment, enterprise connectivity, and long-term 5G infrastructure readiness.

The latest rally also reflects improving risk appetite toward mid-cap technology and telecom manufacturing stocks after months of uneven market participation. Investors appear to be reassessing businesses that are aligned with India’s strategic push toward reducing import dependence in critical technology infrastructure.