The Tata Communications (Tata Comm) stock was up 8 per cent in trade on Tuesday after the company reported better-than-expected performance in the March quarter. Management commentary on achieving double digit growth for the data business on a consistent basis also boosted sentiment.
Tata Communications is among a small list of companies that saw an upward revision in operating profit for financial year 2020-21 (FY21) and FY22 on the back of multiple growth drivers.
Growth in the March quarter was entirely driven by the data segment, which accounted