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Kapil Sibal orders probe into VSNL land divestment; Tata Communication reacts

Tata Communications touched an intraday high of Rs 217 and an intraday low of Rs 204.75. At 10:00 hrs the share was quoting at Rs 215.70, up Rs 5.25, or 2.49%.

March 22, 2011 / 10:12 IST
     
     
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    Tata Communications touched an intraday high of Rs 217 and an intraday low of Rs 204.75. At 10:00 hrs the share was quoting at Rs 215.70, up Rs 5.25, or 2.49%.

    Kapil Sibal has ordered probe into VSNL land divestment. DoT Additional Secretary SR Rao is going to conduct an inquiry on VSNL land. The inquiry report will be submitted by March 31. The inquiry will suggest measures to protect Government of India & investors interest.

    Tata Communication welcomes government process to expedite demerger of surplus land. The company clarifies that neither Tata Communication nor Tata Group has benefited from surplus land.

    It was trading with volumes of 87,370 shares. In the previous trading session, the share closed down 3.37% or Rs 7.35 at Rs 210.45.

    The company's trailing 12-month (TTM) EPS was at Rs 9.42 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 22.90. The latest book value of the company is Rs 255.47 per share. At current value, the price-to-book value of the company was 0.84.

    Share Price Movement During The Last 12 Months
    PeriodPriceLatest PriceGain/Loss (Rs.)% Gain/Loss
    3-Days209.05215.706.653.18
    5-Days208.00215.707.703.70
    7-Days212.40215.703.301.55
    15-Days207.25215.708.454.08
    1-Month210.55215.705.152.45
    3-Month249.65215.70-33.95-13.60
    6-Month327.65215.70-111.95-34.17
    9-Month255.60215.70-39.90-15.61
    1-Year290.40215.70-74.70-25.72

    first published: Mar 22, 2011 10:00 am

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