Tata Communications shares fall 2.95% as Nifty plummets

New Delhi: Tata Sons executive chairman N Chandrasekaran has purchased 1 lakh shares of Tata Communications from secondary market, according to a regulatory filing.

Shares of Tata Communications traded 2.95 per cent down in Thursday's trade at 10:55 am. Around 57,856 shares changed hands on the counter. The stock opened at Rs 225.0 and touched an intraday high and low of Rs 232.15 and Rs 200.0, respectively, in the session so far.

The stock quoted a 52-week high of Rs 627.7 and a 52-week low of Rs 211.3.


Financials
Tata Communications, incorporated in the year 1986, is a mid cap company (having a market cap of Rs 6,441.00 crore) operating in the Telecommunications sector.

The company reported net profit after tax of Rs 57.60 crore for the quarter ended 31 December, 2019. For the same quarter, the company reported consolidated sales of Rs 4,228.72 crore, down 1.03 per cent from last quarter Sales of Rs 4,272.76 crore and down 0.95 per cent from last year same quarter Sales of Rs 4,269.47 crore.

Tata Communications key products/revenue segments include telecommunication services which contributed Rs 5389.13 crore to sales value (100.00 per cent of total sales)for the year ending 31-mar-2019.

Promoters holding
Promoters held 74.98505 per cent stake in the company as of Dec 2019. For the quarter ended Dec 2019, the company reported a net sales of Rs 4228.72 crore and net profit of Rs 57.6 crore.

Valuation ratio
It quoted a price-to-earnings ratio of 43.0 and price to book value of -35.96.