MoneyWorks4Me

Tata Communications spurts on entering into partnership with Anam

22 Mar 2016 Evaluate

Tata Communications is currently trading at Rs 367.50, up by 1.65 points or 0.45% from its previous closing of Rs. 365.85 on the BSE.

The scrip opened at Rs. 366.90 and has touched a high and low of Rs. 367.95 and Rs. 363.00 respectively. So far 12393 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 504.90 on 15-Apr-2015 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. 369.50 and Rs. 355.80 respectively. The current market cap of the company is Rs. 10393.95 crore.

The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 20.63% and 4.38% respectively.

Tata Communications has partnered with Anam, the world’s fastest growing application-to-person (A2P) messaging monetization service provider, to create an end-to-end solution that helps mobile network operators globally to tackle revenue loss caused by A2P SMS spam, fraud and ‘grey route’ messaging traffic - where message aggregators take advantage of non-contracted routes to send large volumes of A2P SMS messages.

Tata Communications 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 and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.

Peers
Company Name CMP
Bharti Airtel 1830.00
Vodafone Idea 13.84
Indus Towers 377.50
Tata Communications 1732.70
Railtel Corp. India 260.40
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