Tata Communications is currently trading at Rs. 749.40, up by 8.20 points or 1.11% from its previous closing of Rs. 741.20 on the BSE.
The scrip opened at Rs. 745.00 and has touched a high and low of Rs. 753.95 and Rs. 742.60 respectively. So far 29408 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 782.00 on 09-Feb-2017 and a 52 week low of Rs. 325.70 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 761.10 and Rs. 712.00 respectively. The current market cap of the company is Rs. 21206.85 crore.
The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 20.15% and 4.86% respectively.
Tata Communications has entered into the global $4 billion mobile data connectivity and cross-border Internet of Things (IoT) market. The company is unveiling the Tata Communications MOVE platform that will enable people and things to become seamlessly connected on a global scale.
Tata Communications MOVE is part of the company’s long-term strategy for its mobility services portfolio and its vision of creating an access and usage agnostic, cross-border mobile experience for people and things. The platform is underpinned by Tata Communications’ global network, partnerships with 900 mobile communications service providers globally, and recent investment in Teleena. Teleena is an IoT connectivity specialist and mobile virtual network enabler, whose technology manages the operational complexity and reduces the cost of IoT deployments for businesses. Tata Communications’ investment has made it the single largest shareholder in Teleena with a 35% stake.
Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global network to deliver managed solutions to multi-national enterprises and communications service providers.