{"id":100380,"date":"2023-04-12T13:15:00","date_gmt":"2023-04-12T07:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=100380"},"modified":"2023-04-12T13:04:16","modified_gmt":"2023-04-12T07:34:16","slug":"tata-group-stock-jumps-up-to-6-after-icra-reaffirmed-its-credit-rating-to-a","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-group-stock-jumps-up-to-6-after-icra-reaffirmed-its-credit-rating-to-a\/","title":{"rendered":"Tata Group stock jumps up to 6% after ICRA Reaffirmed its credit rating to A+\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1783967153\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Tejas Networks, a Tata Group company spiked 6.47% on Wednesday\u2019s early Trades to reach an intraday high of \u20b9 656.00 apiece on the National Stock Exchange after ICRA reaffirmed its credit rating.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-27866591\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>ICRA is required to review its ratings on an annual basis or as and when circumstances warrant. The credit rating agency, based on a review of the latest developments in <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TEJASNET\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tejas Networks<\/a><\/strong>, has reaffirmed its short-term credit rating at [ICRA]A1+ and its long-term credit rating at [ICRA]A+ with a stable outlook. These credit ratings should not be treated as a recommendation to buy, sell, or hold the rated bank facilities.\u00a0<\/p><p>About a week ago, Tejas Networks received an advance purchase order worth \u20b9 696 crores from Bharat Sanchar Nigam Limited (BSNL) for the upgradation of its pan-India IP-MPLS based Access and Aggregation Network (MAAN) using its state-of-the-art routers. It was the largest order that the company won in its history.&nbsp;<\/p><p>Tejas Networks is a global R&amp;D-driven telecom equipment company that designs, develops and manufactures high-performance optical and data networking products that are used by telecom service providers, utilities, government and defence networks. It has a market capitalization of \u20b9 10,374 crores and is a small-cap company.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3854132226\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company posted revenue of \u20b9 274.55 crores in the December quarter of 2022, up 156.44% year-on-year (YoY). It reported a revenue of \u20b9 107.06 crore in the corresponding quarter last year. Moreover, the company\u2019s loss reduced from \u20b9 24.3 crores in the December quarter of 2021 to \u20b9 10.88 crores in the December quarter of 2022.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1878677200\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Tejas Networks, a Tata Group company spiked 6.47% on Wednesday\u2019s early Trades to reach an intraday high of \u20b9 656.00 apiece on the National Stock Exchange after ICRA reaffirmed its credit rating.&nbsp; ICRA is required to review its ratings on an annual basis or as and when circumstances warrant. The credit rating agency, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":32602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3387,4447,5426,948,936,3153,3157,2597,5608,5995,5996,4141,8064,8374,8373,8375,8063,8062,8065],"class_list":["post-100380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-it-stock-to-buy","tag-it-stock-to-watch","tag-it-stocks-2023","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-tata-group-stock-to-buy-in-2023","tag-tata-group-stock-to-buy-now","tag-tata-group-stocks-2023","tag-tata-group-stocks-returns","tag-tejas-networks-business","tag-tejas-networks-credit-rating","tag-tejas-networks-icra-rating","tag-tejas-networks-jumps-more-than-5","tag-tejas-networks-latest-news","tag-tejas-networks-share-price","tag-why-is-tejas-networks-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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