Tata Communications closed at ₹1,390 on the NSE today, marking a strong gain of 5.60%. The mid-cap stock opened at ₹1,313.55 and reached an intraday high of ₹1,396 before settling at its closing price. Throughout the trading session, the stock maintained a consistent upward momentum, reflecting positive investor sentiment. Despite today’s surge, the overall performance of Tata Communications over the past month has been negative, with a return of -13%. Over the last three months, the stock has witnessed a steeper decline of -23.22%, indicating a broader downtrend. However, today’s gain suggests a potential shift in market confidence, possibly influenced by factors such as improving business outlook, sectoral trends, or institutional buying interest. Investors will be closely monitoring whether this momentum continues in the coming sessions.
About Tata Communications Ltd
Tata Communications Limited is an India-based company, which is a global digital ecosystem enabler. It offers digital transformation of enterprises globally. The Company’s Voice Solutions segment includes international and national long distance voice services. Its Data Services segment includes core and connectivity services, digital platforms and connected services. Its Payment Solutions segment includes end-to-end automated teller machine (ATM) deployment, end-to-end point of sale (POS) enablement, hosted core banking, end to end financial inclusion and card issuance and related managed services and switching services to the banking sector. Its Transformation Services segment includes the business of providing telecommunication network management and support services. Its Real Estate segment includes lease rentals for premises given on lease. The Company through its subsidiary, Kaleyra, Inc., offers omnichannel integrated communication services with a set of platforms.
