This Tata Group stock rose on the bourses today

This telecom company posted robust Quarter 1 results.

At the closing bell on July 21, the Sensex closed at 55,618.95, up by 0.51 per cent or 284.42 points. This S&P BSE 200 Telecom company rallied on Thursday’s trading session.  

A part of the Tata Group, Tata Communications is a global digital ecosystem enabler powering today’s fast-growing digital economy in more than 190 countries and territories. Leading with trust, it enables the digital transformation of enterprises globally with collaboration and connected solutions, core and next-gen connectivity, cloud hosting and security solutions, and media services. 

On a consolidated basis the company posted the following results for Q1FY23: 

The revenue stood at Rs 4,311 crore an increase of 5.1 per cent YoY. The EBITDA stood at Rs 1,077 crore, a growth of 9.2 per cent YoY. PAT was reported at Rs 544 crore from Rs 296 in Q1 FY22, marking a surge of 83.6 per cent YoY. 

Tata Communications witnessed a gain of 9.99 per cent in today’s session and closed at Rs 1077.60. The shares of Tata Communications hit intra-day highs and lows of Rs 1086.40 and 993.80, respectively. The stock has a 52-week high of Rs 1590 and a 52-week low of Rs 856.