Shares of Tata Communications approached their 52-week low today. The Tata Group stock closed shy of Rs 906.3, its 52-week low, in the previous session. It was trading 3.71 per cent away from its 52-week low today. The stock, which forms part of ace investor Rakesh Jhunjhunwala's portfolio, was trading 2.82 per cent or Rs 26 higher at Rs 944.45 in the afternoon session today.
Tata Communications stock rose over 5% in early trade amid flat trading for the broader indices today. Tata Communications climbed 5.64% to Rs 1,401 against the previous close of Rs 1326.25 on BSE. Rakesh Jhunjhunwala invested in the company through his wife Rekha Jhunjhunwala. As per the shareholding pattern of Tata Communications for the quarter ended December 2022, Rekha Jhunjhunwala owned 30,75,687 shares or a 1.08 per cent stake in the company.