Operational scale-up continues
Emkay
Tejas Networks reported a beat on our revenue and margin estimates, led by
BSNL’s 4G project execution. We see Tejas benefits chiefly from: 1) GoI
emphasis on domestic manufacturing and the PLI scheme
BSNL’s 4G project execution. We see Tejas benefits chiefly from: 1) GoI
emphasis on domestic manufacturing and the PLI scheme