Tata Communications is currently trading at Rs. 286.30, up by 0.75 points or 0.26% from its previous closing of Rs. 285.55 on the BSE.
The scrip opened at Rs. 287.60 and has touched a high and low of Rs. 289.00 and Rs. 285.85 respectively. So far 20606 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 319.50 on 07-Jan-2014 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. 296.10 and Rs. 279.85 respectively. The current market cap of the company is Rs. 8208.00 crore.
The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 19.40% and 5.61% respectively.
Tata Communications Payment Solutions (TCPSL), a wholly-owned subsidiary of Tata Communications is planning to install 50,000 ATMs by 2016 which will double its revenue. The company’s revenue lines are directly linked to the number of ATMs.
Recently, the company has installed the 1000th White Label ATM (WLA) under the brand name of 'Indicash' at a village Bhondsi in Gurgaon. Customers of any bank can withdraw cash from a WLA. Out of targetted 50,000 ATMs by 2016, 15,000 would be Indicash ATMs. The company has also manages ATMs of other banks which it calls Brown Label ATMs (BLA). Currently, the company is managing about 18,000 BLAs which it expects to nearly double to 35,000 by 2016.
TCPSL had launched its first white-label ATM in Thane in June 2013. TCPSL is aiming to make ATM services available across urban, semi-urban and rural locations that have negligible or minimal banking infrastructure. TCPSL has tied up with Kerala based Federal Bank for cash supply and is talking to other banks also in this regard.
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.
