The outlook on the long term rating has been revised from positive to stable.
Share price of Tejas Networks jumped over 2 percent intraday on November 25 after rating agency ICRA reaffirmed its long term rating for company's Line of Credit (LOC) at A. The outlook on the long term rating has been revised from positive to stable.
The stock has zoomed over 41 percent in the last 3 days and was quoting at Rs 96.00, up Rs 2.15, or 2.29 percent.
The company expects its earnings to recover in the second half of the ongoing financial year by focusing more on private-sector orders and tapping into under-penetrated international markets, said Managing Director and Chief Executive Officer Sanjay Nayak.