Tata Communications Stock Hits New High, Outperforms Sector and Sensex

Tata Communications, a leading telecommunication service provider in the industry, has seen a positive growth in its stock price. On September 25th, 2024, the company's stock gained 3.08%, closing at Rs. 2091.45, which is also its new 52-week and all-time high. This performance has been deemed as 'Hold' by MarketsMOJO.

The stock has been on a consecutive rise for the past 3 days, with a total gain of 5.95% during this period. It has also outperformed the sector by 3.12% today. The intraday high for the stock was Rs. 2091.45, showing a 3.18% increase.

Tata Communications is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.

In comparison to the Sensex performance, Tata Communications has outperformed with a 1-day performance of 3.28% while the Sensex has shown a -0.01% performance. Similarly, in the past month, Tata Communications has shown a 9.55% performance while the Sensex has shown a 4.71% performance.

Overall, Tata Communications has shown a strong performance in the stock market, with a positive trend and outperforming the sector and Sensex. Investors may consider holding onto their shares in the company for potential future gains.