Tata Communications share price surged above 5% intraday on Monday. The stock opened at Rs.500.50 as compared to its previous closing at Rs. 499.50, to touch the day’s high at Rs. 524.80. The opening price remained its day’s low. The stock spurted by more than 1.32 times. Today’s trading session saw around 4,90,817 shares being traded in the counter with a traded value of Rs. 2,542.48 lacs.
The lower price band of the share is Rs. 449.55 and the upper price band is Rs.549.45. The 52 week high value of Tata Communications share price is seen at Rs. 536.50 on 31st August ’16 whereas the 52 week low value could be seen at Rs. 325.00 on 29th Feb ‘16. The Average Daily Movement of the stock is 15.42 and its average volume for last 20 days is 781725. The stock yields 4.20 % monthly returns and has the PE ratio of 83.69. The market cap of the company amounts to Rs. 14235.75 (Cr) and has a book value of Rs.-14.67.
Key ratios
| Sl no. | Name | Ratio |
| 1 | Current Ratio (x) | 0.62 |
| 2 | Quick Ratio (x) | 0.6 |
| 3 | Dividend yield (%) | 0.86 |
| 4 | Interest Coverage ratio (x) | 4.59 |
| 5 | Debt equity ratio (x) | -29.47 |
| 6 | Return on Asset (%) | 0.22 |
| 7 | Return on Equity (%) | 0.00 |
Tata Communications is analyzed by Dynamic Levels as the top 500 performing stocks for the June quarter among the 1700 stocks which are listed on the NSE. Tata Communications is fundamentally strong and is safe for investment, as per Dynamic analysts. As of now Tata Communications share price is trading at Rs. 521.30.
In order to acquire more details on the support and resistance levels and also the fundamentals and financials of the stock, kindly refer to Tata Communications share price forecast.
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