Tata Communications is currently trading at Rs. 651.95, up by 15.80 points or 2.48% from its previous closing of Rs. 636.15 on the BSE.
The scrip opened at Rs. 637.45 and has touched a high and low of Rs. 655.15 and Rs. 636.70 respectively. So far 6934 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 774.35 on 09-Jun-2017 and a 52 week low of Rs. 570.45 on 10-Aug-2017.
Last one week high and low of the scrip stood at Rs. 655.15 and Rs. 619.30 respectively. The current market cap of the company is Rs. 18522.15 crore.
The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 18.77% and 6.23% respectively.
Tata Communications is working with Mahanagar Gas (MGL) to deploy 5,000 smart gas meters in Mumbai. The new smart meters will give households and businesses unprecedented visibility and control over their gas usage, and enable MGL to enhance operational efficiencies.
As the global smart gas meter market is set to grow from around $1.59 billion in 2016 to $2.27 billion by 2021, it is expected that there will be around 130 million smart meters across India in the next three years.
Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.
