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The share price of Tata Communications Limited, a Tata Group company, reached a record high today. The company’s share price has seen an increase of about 1 percent. It is believed that there is a news behind this boom. Tata Communications plans to raise funds. Due to this news, the share price of the company has seen a surge.
what news
The company through non-convertible debentures of Rs. 1,750 crore is sought to be raised. For this, the company issued 1,75,000 non-convertible debentures of Rs. will issue at a face value of 10. Let us tell you that the market cap of Tata Communications Limited is Rs 52,055 crore.
The company is paying a dividend of Rs 42 per share on record date today
How has the year been for stock market investors?
On Wednesday, the company’s shares traded on the BSE at Rs. Opened at 1820. The company’s share price on the BSE rose nearly 1 percent to Rs. has reached the level of 1820. During the last one year, the share price of this company of Tata Group has managed to increase by more than 56 percent. At the same time, in the year 2023, the stock has gained 38.54 percent so far.
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How strong is the company’s balance sheet?
Tata Group According to the information provided by this company, the net profit in the June quarter has been Rs 381.70 crore. While in the same quarter a year ago, the company’s net profit was Rs. was 544.80. That is, the net profit of the company has decreased by 29.80 percent on an annual basis.