Tata Communications is engaged in providing telecommunications, broadcasting, and information supply services. The company operates through voice solutions and data managed services segments. Today, Tata Communications share price tanked 5.55 per cent to trade at the intraday low of Rs. 628.50, losing it yesterday’s gain.
Yesterday, Tata Communications had announced the launch of the latest addition to its IZO cloud enablement platform -IZO SDWAN. The company is using the new service to aid its expansion into new geographies. It is a fully managed and modular overlay service that is firmly integrated with the underlay – the world’s largest and most advanced IP network.
At 12.22 PM, Tata Communications share price was trading at Rs. 633.55, down by 4.79 per cent as compared to 1.02% decline in the Benchmark Index Nifty. So far, almost five lakhs shares had changed hands on the NSE trading counter as against the twenty day trading average of eight lakh shares.
The scrip opened at Rs. 660.05 as against its previous close of Rs.665.45 and has touched a high of Rs. 662.95 respectively.
The group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 687.90 on 24-Oct-2016 and a 52 week low of Rs. 325.00 on 29-Feb-2016. The previous week high and low of the scrip stood at Rs. 649.00 and Rs. 593 respectively. The current market cap of the company is Rs. 18965.32 crore as on 2nd December 2016.
The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 19.45% and 5.32% respectively. In all 80 Mutual Funds are invested in the stock with 5.02% stakes in the company. SBI Mutual Fund owns 1.39% shares of Tata Communications. FPIs have 8.85% stakes as per the shareholding pattern of the company.
Tata Communications is the top 500 recommendation by Dynamic levels for the quarter. For the details on the stock, visit Tata Communications share price history page of Dynamic Levels website.
Hey, thanks for the information. your posts are informative and useful.
ReplyDeleteHEG LTD