New Delhi, April 16 -- Shares of Tata group company Tejas Networks slumped nearly 6% in early trade on Thursday, April 16, after the company's earnings for the January-March quarter (Q4) disappointed investors.

The company posted a fifth straight quarterly loss on Wednesday during its earnings presentation post stock market hours a day ago. The March quarter losses were higher on a year-on-year (YoY) basis as the revenue slumped sharply.

Tejas Networks' share price declined by 5.9% to Rs.423.50 on the BSE as against its last closing price of Rs.449.90.

Tejas Networks, which designs, develops, manufactures and sells high-performance telecom and networking products used to build high-speed communication networks, said on Wednesday that i...