Shares in Tejas Networks rallied in early trade on Thursday after the company's shares were acquired by Kedia Securities at Rs. 49.13 per share.
Kedia Securities, led by ace investor and trader Vijay Kishanlal Kedia, on July 8 acquired 0.81% percent stake (7,53,925 shares) in the company for Rs 3.7 crore through open market transactions.
The stock in early trade is locked in 5% upper circuit at Rs. 51.80 on both the NSE and BSE.
The stock's 52-week high price on both the BSE and NSE is Rs. 144.35 and Rs. 146.90, per share respectively.