Tata Communications falls as ADR drops

Meanwhile, the BSE Sensex was up 66.62 points or 0.34% to 19,730.26

On BSE, 2,081 shares were traded in the counter as against average daily volume of 28,315 shares in the past one quarter.

The stock hit a high of Rs 236.30 and a low of Rs 233.55 so far during the day. The stock had hit a 52-week high of Rs 266.35 on 26 July 2012. The stock had hit a 52-week low of Rs 190.65 on 22 May 2012.

The stock had outperformed the market over the past one month till 11 January 2013, rising 3.43% compared with the Sensex's 1.43% rise. The scrip, however, underperformed the market in past one quarter, falling 3.84% as against Sensex's 4.57% surge.

The mid-cap company has equity capital of Rs 285 crore. Face value per share is Rs 10.

Tata Communications reported a consolidated net loss of Rs 274.24 crore in Q2 September 2012, higher than net loss of Rs 165.20 crore in Q2 September 2011. Tata Communications' total income rose 27.6% to Rs 4302.77 crore in Q2 September 2012 over Q2 September 2011.

Tata Communications is a leading global provider of a new world of communications. The Tata Global Network includes one of the most advanced and largest submarine cable networks, a Tier-1 IP network, with connectivity to more than 200 countries across 400 PoPs, and nearly 1 million square feet of data center and collocation space worldwide. The company has strategic investments in South Africa (Neotel), Sri Lanka (Tata Communications Lanka) and Nepal (United Telecom).

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