Tata group stock trades lower for 6th straight day; slips 15% in 3 days

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Tata group stock trades lower for 6th straight day; slips 15% in 3 days - Business Standard

Quick Summary:

Shares of Tejas Networks slipped 5% to ₹696 on the BSE in Wednesday's intra-day trade, extending its fall after it reported a loss of ₹71.80 crore in Q4FY25.

The Atmanirbhar Bharat Abhiyan of the Government of India (GoI), which is aimed at limiting import dependence and increasing the demand for indigenous products, provides better growth opportunities for the company.

During the quarter, the company’s order book stood at ₹1,019 crore, against ₹2,681 crore at the end of December 2024 quarter (Q3FY25).