Shares of Tata Communications logged a smart recovery today, rising over 5 per cent from its 52-week low in the previous session. Tata Communications stock hit a 52-week low of Rs 856, losing 7.12 per cent intraday on June 15 against the previous close of Rs 921.65 on BSE.
Shares of Tata Communications fell over 7 per cent today after the firm held investor meet for June 2022. Tata Communications stock hit 52-week low of Rs 856, losing 7.12 per cent in early trade against the previous close of Rs 921.65 on BSE.
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.
This stock held by Rakesh Jhunjhunwala more than doubled in a year, did you miss the rally?
An amount of Rs 1 lakh invested in the large cap stock on February 20 would have turned into Rs 2.56 lakh today
Aseem Thapliyal | February 22, 2021 | Updated 18:47 IST
Rakesh Jhunjhunwala, often referred to as Big bull of Dalal Street, bought shares of the firm in the December quarter of FY21. Jhunjhunwala s wife Rekha Jhunjhunwala held 32,00,687 shares or a 1.12% stake in Tata Communications at the end of Q3, according to BSE data.
Ace investor Rakesh Jhunjhunwala-owned Tata Communications share has more than doubled in the last one year. The stock, which closed at Rs 393.15 on February 20 last year, ended at Rs 1,010 in trade today, clocking 156% returns during the period. An amount of Rs 1 lakh invested in the large cap stock on February 20 would have turned into Rs 2.56 lakh today. In comparison, Sensex has gained 20.83% and Nifty has risen 21.48% in a year.