Tata Communications Hits Day High with Strong 5.42% Intraday Surge

Tata Communications has shown significant activity today, gaining 5.42% and reaching an intraday high of Rs 1787, marking a 5.3% increase. This performance is notable as it outperformed the telecom sector by 4.94%. The stock has been on a positive trajectory, recording gains for the last six consecutive days, resulting in a total return of 10.74% during this period.
In terms of moving averages, Tata Communications is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trend. Over the past week, the stock has delivered a remarkable 11.38% return, significantly surpassing the Sensex's 1.54% performance.

While the stock has faced challenges over the past year, with a decline of 8.11%, its year-to-date performance stands at 5.37%, closely aligning with the Sensex's 5.53%. Additionally, Tata Communications has demonstrated impressive long-term growth, with a 10-year performance of 322.50%, outpacing the Sensex's 204.51%. Overall, the stock's current momentum reflects a robust position within the midcap telecom services industry.