Tata Communications fell 2.77% to Rs 344.50 at 10:17 IST after its American depository receipt, or ADR, fell 7.95% to $14.94 in the New York Stock Exchange on Tuesday, 3 November 2009.
Meanwhile, the BSE Sensex was up 195.28 points, or 1.27%, to 15600.22.
On BSE, 12,425 shares were traded in the counter as against an average daily volume of 72,732 shares in the past one quarter.
The stock hit a high of Rs 360 so far during the day. It hit a low of Rs 342.10, which is also 52-week low for the counter. The stock had hit a 52-week high of Rs 651 on 19 May 2009.
The stock had underperformed the market over the past one month till 3 November 2009, falling 27.40% as compared to the Sensex 10.09% fall. It underperformed the market in past one quarter, sliding 29.42% as against 3.26% decline in the Sensex.
The large-cap communication solutions provider has an equity capital of Rs 285 crore. Face value per share is Rs 10.
The current price of Rs 344.50 discounts the company's Q2 September 2009 annualised EPS of Rs 1.47, by a PE multiple of 234.35.
Tata Communications' net profit declined 68.3% to Rs 10.45 crore on 23.5% fall in sales to Rs 759.23 crore in Q2 September 2009 over Q2 September 2008.
Tata Communications provides global communication solutions. The group operates in three segments: wholesale voice, enterprise and carrier data and others.
Promoters have pledged 3 crore shares representing 10.53% of the equity capital of the company. Total promoters shareholding in the company is 76.15% (as on September 2009).