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Tata Communications is currently trading at Rs. 197.35, up by 10.25 points or 5.48% from its previous closing of Rs. 187.10 on the BSE.
The scrip opened at Rs. 185.70 and has touched a high and low of Rs. 202.25 and Rs. 185.65 respectively. So far 1,80,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 323.40 on 10-Nov-2010 and a 52 week low of Rs. 178.50 on 05-Oct-2011.
Last one week high and low of the scrip stood at Rs. 202.25 and Rs. 184.50 respectively. The current market cap of the company is Rs. 5,624.00 crore.
The promoters holding in the company stood at 76.15% while Institutions and Non-Institutions held 13.37% and 3.87% respectively.
CARE reaffirms ‘A1’ rating assigned to Tata Communications’ short-term bank facilities aggregating to Rs 1,814 crore. The credit rating agency has also reaffirmed ‘AA+’ rating assigned to company’s non convertible debenture (NCD) aggregating to Rs 2,350 crore. CARE has also reaffirmed ‘A1+’ rating assigned to company’s short-term debt (STD) aggregating to Rs 1,650 crore.
The ratings continue to derive strength from the strong position of the company in the global voice segment, experienced management supported by a strong promoter group, growing scale of operations, good execution capabilities and increasing contribution of the high-margin global data and managed services segment. The ratings also factor in the increase in the effective stake of Tata Communications (TCL) in Neotel.
The ratings however, continue to be constrained by the losses incurred by the company at the consolidated level due to significant losses incurred by its subsidiaries, falling tariffs as a result of heightened competition within the sector resulting in muted growth in the overall revenues of the company and increasing financial leverage.
Tata Communications, a part of the Tata Group, is engaged in transmission, global IP & VPN, converged voice, mobility, managed network connectivity, hosted data center, communications solutions and business transformation services to global and Indian enterprises and service providers as well as broadband and content services to the Indian consumers.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1334.55 |
| Vodafone Idea | 12.99 |
| Indus Towers | 355.05 |
| Tata Communications | 1737.70 |
| Bharti Hexacom Ltd. | 910.30 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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