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Tata Communications share price: Buy Tata Communications, target price Rs 1461: ICICI Securities

Tata Communications Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 33573.00 Crore) operating in Telecommunications sector. ....

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Tata Communications share slips 3% post Q4 earnings

Tata Communications share slips 3% post Q4 earnings
Consolidated revenue stood at Rs 4,073 crore, down 7.4 per cent year-on-year (YoY). The company informed that the decline is largely due to degrowth in Voice business and Data business
BusinessToday.In | April 29, 2021 | Updated 12:34 IST
Shares of Tata Communications declined nearly 3 per cent in early trade after the company reported March Quarter earnings.
At 11:17 hours, Tata Communications was quoting at Rs 1122.30, down 2.34 percent on the BSE. On a year-to-date (YTD) basis, the stock is down around 2 per cent. The stock has given 26 per cent returns over the last six months and risen 177.45 per cent over the last 12 months. The Tata Group firm posted a consolidated net profit of about Rs 299 crore for the quarter ended March 2021 against a loss of Rs 275 crore in the same quarter a year ago. ....

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rakesh jhunjhunwala: Rakesh Jhunjhunwala sells 2.5 lakh Tata Communications shares in Q4

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NEW DELHI: Despite his vocal support to Tata Group companies, which he believes are primed for growth in the next few years, ace investor Rakesh Jhunjhunwala’s actions during March quarter belie his words.
After selling Titan Company shares worth Rs 344 crore in the March quarter, he has also trimmed his stake in internet infrastructure provider Tata Communications held through his wife.
In the March quarter, Rakesh Jhunjhunwala sold 2.5 lakh Tata Communications shares held in his wife’s name, bringing her stake in the company to 1.04 per cent, latest shareholding data showed. She had held a 1.12 per cent stake in the company at the end of December. ....

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Tata Communications enhance ties with Bahrain Internet Exchange to enable next-generation optical technology for Bahrain

Tata Communications and BIX bring the power of high-speed connectivity and digital transformation to the Middle East region. ....

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Tata Communications tumbles 7% as OFS to divest govt stake begins

Shares of Tata Communications, earlier state-owned VSNL, were down 7 per cent at Rs 1,206 on the BSE in intra-day trade on Tuesday as offer for sale (OFS) to divest the government holding in the company opened today for institutional investors.
The government will sell its 10 per cent stake, with an option to sell an additional 6.12 per cent stake in Tata Communications. As of December 31, 2020, the government held a 26.12 per cent stake in telecom alternative carriers company through the President of India, the shareholding pattern data shows.
The floor price has been set at Rs 1,161, and the sale of 16.12 per cent stake could fetch the government around Rs 5,334 crore. The offer would open for retail investors on Wednesday. ....

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