Shares of Apollo Micro Systems and Tejas Networks experienced a significant rally on Tuesday, May 19, 2026, with both companies seeing their stock prices climb by as much as 9 percent during trading. This surge highlights distinct catalysts for each firm: robust quarterly earnings for Apollo Micro Systems and substantial trading volumes for Tejas Networks.
Apollo Micro Systems Reports Strong Quarterly Performance
Apollo Micro Systems' shares soared by 9.48 percent, reaching ₹340.60 and pushing its market capitalization close to ₹12,000 crore. The company's stock is currently just shy of its 52-week high of ₹354.65, recorded in September 2025, and has delivered an impressive 155 percent return over the past year.
The strong performance follows the company's March 2026 quarter results, which revealed a 163.5 percent year-on-year surge in net profit to ₹36.79 crore. Revenue from operations also increased significantly by 81.28 percent year-on-year to ₹161.77 crore. EBITDA stood at ₹67.7 crore, an 88.1 percent increase, with margins improving to 23.07 percent. The company also announced a final dividend of ₹0.25 per share.
Tejas Networks Sees Heavy Trading Activity
Meanwhile, Tejas Networks Ltd. shares surged 8.90 percent to ₹476.10, bringing its market valuation close to ₹8,500 crore. Despite this day's rally, the stock remains 38 percent below its 52-week high of ₹761.95 from a year ago. However, it has climbed nearly 62 percent from its 52-week low of ₹294.10, recorded four months prior.
Trading data from BSE Ltd. indicated that over 4.55 lakh shares of Tejas Networks, valued at ₹21.17 crore, were traded by 11:50 AM on Tuesday. Similarly, on the National Stock Exchange, more than 88.91 lakh shares worth ₹414.23 crore changed hands during the same period.
Analyst View and Financials
Kranthi Bathini, an Equity Strategist at WealthMills Securities, commented on Tejas Networks' activity, noting, "Tejas Networks, despite negative growth, has recently witnessed some buying action given the specific domain in which the company operates. This could be a bottom-fishing attempt. Investors with a high-risk appetite can add the stock on dips."
The company's financial results for the three months ending March 31, 2026, showed a widened net loss of ₹211.34 crore and an 82.5 percent year-on-year crash in revenue to ₹332.7 crore. Tejas Networks also reported an EBITDA loss of ₹118.2 crore, though its order book saw a 49 percent yearly rise, reaching ₹1,514 crore.