Wednesday 3 February 2016

Tata Communications falls 6.3%; registers loss of Rs. 69.64 crore in Q3

Net profit of the telecom company firm dropped 80% registering a loss of Rs. 69.64 crore in Q3. Net revenue stood at Rs. 1,208.27 crore in the quarter ended December 31, 2015 as compared to Rs. 1,204.11 crore in Q2 FY16.


Tata-Communication1
Tata Communications plunged 6.3% to Rs. 379.00 after the company posted disappointing numbers in Q3 FY16.

Net profit of the telecom company firm dropped 80% registering a loss of Rs. 69.64 crore in Q3.

Net revenue stood at Rs. 1,208.27 crore in the quarter ended December 31, 2015 as compared to Rs. 1,204.11 crore in Q2 FY16.

The scrip opened at Rs. 400 and has touched a high and low of Rs. 400 and Rs. 363.3 respectively. So far 431949(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 11529.68 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 504.9 on 15-Apr-2015 and a 52 week low of Rs. 336.3 on 25-Aug-2015. Last one week high and low of the scrip stood at Rs. 415.35 and Rs. 384.3 respectively.

The promoters holding in the company stood at 74.99 % while Institutions and Non-Institutions held 18.09 % and 6.91 % respectively.

The stock is currently trading above its 200 DMA.

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