Tata Communications' Stock Sees Decline, But Still Outperforms Moving Averages

Tata Communications, a leading telecom provider in the industry, saw a decline in its stock price today. The stock opened with a loss of -7.82% and underperformed the sector by -1.17%. This marks the third consecutive day of losses for the company, with a total decline of -5.13% in this period.

The stock also opened with a gap down of -7.82% and touched an intraday low of Rs 1800.05. However, despite these losses, Tata Communications' stock is still performing well in comparison to its moving averages. It is higher than the 20 day, 50 day, 100 day, and 200 day moving averages, but lower than the 5 day moving average.

In the telecom sector, Tata Communications' stock has fallen by -2.28%. This could be due to the overall performance of the sector, which has seen a decline of -2.28%. However, when compared to the Sensex, Tata Communications' stock has performed slightly better. In the last 1 day, the stock's performance was -2.42% while the Sensex's performance was -1.85%. In the last 1 month, Tata Communications' stock has seen a growth of 0.91% while the Sensex has seen a decline of -0.64%.

Based on these numbers, MarketsMOJO has given a 'Hold' call for Tata Communications' stock. While the stock has seen a decline today, it is still performing well in comparison to its moving averages and has shown growth in the last 1 month. Investors may want to hold onto their shares and monitor the stock's performance in the coming days.