Tata Communications stock gains 3% after Q4FY18 numbers
EBITDA stood at Rs555.5cr, up 10.6% yoy against estimates of Rs618cr. EBIDTA margin rose by 216bps yoy to 13.9%.
The stock is currently trading at Rs629.70 up by Rs17.25 or 2.82% from its previous closing of Rs612.45 on the BSE.
The Data business grew by 4% yoy as Growth Services grew at 20.7% yoy.
The scrip opened at Rs598.90 and has touched a high and low of Rs642 and Rs595.35 respectively.
Tata Communications is one of the largest communications companies in the world with 25% of global internet traffic passing through their network. The company has three business verticals i.e. voice solutions, growth services and traditional services.
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