Shares of Tata Communications Ltd fell as much as much as 3.28 per centt to Rs 540.65, their lowest since February 26.
The company's March-quarter loss widened to Rs 198 crore ($28.34 million) from Rs 120 crore in the year-ago period.
More than 5,00,000 shares changed hands in fifteen minutes of trade, 2.3 times their 30-day moving average of 2,18,455.
The stock has price/sales ratio of 0.97 versus the sector average of 0.34. Up to Wednesday's close, the stock had risen 6.6 per cent.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.