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Tata Communications slips as ADR drops

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Meanwhile, the BSE Sensex was down 160.08 points, or 0.82%, to 19,267.48.

On BSE, 544 shares were traded in the counter as against an average daily volume of 26,260 shares in the past one quarter.

The stock hit a high of Rs 228 and a low of Rs 225 so far during the day. The stock had hit a 52-week high of Rs 266.35 on 26 July 2012. The stock had hit a 52-week low of Rs 190.65 on 22 May 2012.

The stock had outperformed the market over the past one month till 15 March 2013, rising 1.69% compared with the Sensex's 0.21% fall. The scrip had also outperformed the market in past one quarter, gaining 1.67% as against Sensex's 0.57% rise.

 

The mid-cap company has an equity capital of Rs 285 crore. Face value per share is Rs 10.

On consolidated basis, Tata Communications reported net loss of Rs 201.01 crore in Q3 December 2012, higher than net loss of Rs 153.06 crore in Q3 December 2011. Net sales rose 23% to Rs 4434.11 crore in Q3 December 2012 over Q3 December 2011.

Tata Communications is a leading global provider of a new world of communications. The Tata Global Network includes one of the most advanced and largest submarine cable networks, a Tier-1 IP network, with connectivity to more than 200 countries across 400 PoPs, and nearly 1 million square feet of data center and collocation space worldwide. The company has strategic investments in South Africa (Neotel), Sri Lanka (Tata Communications Lanka) and Nepal (United Telecom).

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First Published: Mar 18 2013 | 9:24 AM IST

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