Tata Communications is currently trading at Rs. 687.75, up by 3.95 points or 0.58% from its previous closing of Rs. 683.80 on the BSE.
The scrip opened at Rs. 684.00 and has touched a high and low of Rs. 698.25 and Rs. 682.55 respectively. So far 446 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 735.55 on 15-Jul-2020 and a 52 week low of Rs. 205.70 on 19-Mar-2020.
Last one week high and low of the scrip stood at Rs. 732.80 and Rs. 652.25 respectively. The current market cap of the company is Rs. 19488.30 crore.
The promoters holding in the company stood at 74.99%, while Institutions and Non-Institutions held 18.72% and 6.03% respectively.
Tata Communications has secured a Type B telecom license in the Kingdom of Saudi Arabia (KSA). The license entitles the company to provide Internet Service Provider (ISP) and related telecom services to enterprises in a defined capacity, along with local currency billing for end-customers in KSA. This will enable the company to make the shift from offering services as a foreign carrier in the Middle East to a local licensed service provider.
Through this licence, the company will now become a carrier-neutral service provider to the OTTs, large enterprises and MNCs in the region. The company will be able to offer network transformation services in KSA and address internet, network security, private cloud and SDWAN requirements across the region.
Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.