Tata Communications gains on extending low latency network in Asia

09 Oct 2013 Evaluate

Tata Communications is currently trading at Rs. 221.30, up by 0.90 points or 0.41% from its previous closing of Rs. 220.10 on the BSE.

The scrip opened at Rs. 221.40 and has touched a high and low of Rs. 223.00 and Rs. 220.00 respectively. So far 21,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 257.75 on 04-Jan-2013 and a 52 week low of Rs. 136.90 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs. 221.90 and Rs. 205.10 respectively. The current market cap of the company is Rs. 6,298 crore.

The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 19.55% and 5.45% respectively. 

Tata Communications, a leading provider of A New World of Communications, has extended its low latency network in Asia with direct connections to the National Stock Exchange of India (NSE), the Singapore Exchange (SGX) and the Hong Kong Stock Exchange (HKEx). The low latency network further extends the company’s global financial trading connectivity network. As a result, it will support mission critical, real-time trading applications by seamlessly connecting the exchanges with major financial capitals in Asia, the United Kingdom and the United States.

Tata Communications’ low latency network is faster than traditional point-to-point systems. The pure Ethernet platform with native multipoint support enables financial trading businesses and other companies that require latency sensitive connectivity to respond faster in the dynamic Asian market. The global network integrates exchanges with market leading low latency connectivity to Europe and beyond, enabling firms to reach major financial centres, such as in Chicago and London in milliseconds, through a single network and single supplier model.

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.

Tata Communications Share Price

1827.50 20.70 (1.15%)
21-May-2024 12:42 View Price Chart
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