Tata Communications Shows Strong Performance Amid Declining Investor Participation

Tata Communications Ltd, a prominent player in the Telecom - Services industry, has emerged as one of the most active equities today, with a total traded volume of 1,404,025 shares and a total traded value of approximately Rs 25.02 crores. The stock opened at Rs 1,700.3 and reached a day high of Rs 1,813.1, reflecting a notable intraday increase of 4.71%. Currently, the last traded price stands at Rs 1,809.0.
In terms of performance, Tata Communications has outperformed its sector by 4.62% and has shown a consecutive gain over the last two days, yielding a return of 4.09% during this period. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, there has been a decline in investor participation, with delivery volume on July 17 dropping by 69.6% compared to the 5-day average. Despite this, the stock remains liquid enough for a trade size of Rs 1.41 crores, based on 2% of the 5-day average traded value. Overall, Tata Communications continues to demonstrate robust performance metrics within the telecom sector.