New Delhi, March 2 -- Tejas Networks, a Tata Group-backed company, saw its shares jump 15.4% in Monday's trading session, March 2, reaching the 13-week high of Rs.502.95 apiece, even as the Indian stock market faced deep losses amid ongoing tensions in the Middle East. The US and Israel attacked Iran over the weekend, reportedly killing Iran's Supreme Leader and several other military officials, reflecting the risk of another full-blown war in the region.

Tejas Networks share price opened the session higher at Rs.421.40 apiece and maintained the momentum to reach the day's high of Rs.502.95 apiece, marking a third consecutive day of gains for the stock and resulting in a cumulative gain of 58.25%.

The Tata Group stock closed February wi...