/ Tata Communications Hits 52-Week High ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 24 January 2017

Tata Communications has emerged as the stock of the day on January 24. The stock witnessed a spurt in volumes by more than 2.75 times and has traded on its new 52-week high of Rs 713. The stock of the company is trading with gains, in which its stock is up by 5.42% intraday.

The company has also declared its Q3FY17 results today, which shows some magnificent numbers in the current quarter, which is the only reason for the stock surge. The company has turned profitable this quarter and has posted a net profit of Rs 1,428.71 crore. In Q2FY16, it has posted a net loss of Rs 11.58 crore.

In the last one year, the stock has surged 76.50%. It is currently trading with the price per earnings (P/E) of 15.62. State Bank of India (SBI) Mutual Fund is the top fund house which has invested in the stock of the company.

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