Tata Communications slumped 7.88% to Rs 563 at 9:30 IST on BSE after consolidated net profit tanked 64.4% to Rs 39.96 crore on 1.08% decline in total income to Rs 4581.92 crore in Q2 September 2016 over Q2 September 2015.
The result was announced after market hours yesterday, 8 November 2016.Meanwhile, the S&P BSE Sensex was down 1,019.52 points or 3.7% at 26,571.62.
On BSE, so far 7,200 shares were traded in the counter as against average daily volume of 1.59 lakh shares in the past one quarter. The stock hit a high of Rs 576.75 and a low of Rs 550.05 so far during the day.
Tata Communications reported Rs 125 crore as an impairment on investment in Neotel in Q2 September 2016.
Tata Communications along with its subsidiaries is a leading global provider of communications.
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