Tejas Networks shares surged 20% to Rs 1,427.55 on Monday after the company reported a return to profitability in Q2 FY25. The profit after tax (PAT) reached Rs 275 crore, compared to a net loss of Rs 13 crore last year. Consolidated revenue soared six-fold to Rs 2,811 crore, up from Rs 396 crore in the same quarter last year.
Earnings weakness signals no near-term market breakout, warns Madanagopal Ramu
If you are investing in the high growth sectors, you can expect a 20% earnings growth. But if you are going to be a diversified