Meanwhile, the BSE Sensex was up 41.77 points or 0.24% to 17,255.47.

On BSE, 7,687 shares were traded in the counter as against average daily volume of 25,539 shares in the past one quarter.

The stock hit a high of Rs 244 and a low of Rs 240.10 so far during the day. The stock had hit a 52-week low of Rs 176.30 on 24 November 2011. The stock had hit a 52-week high of Rs 263.20 on 22 February 2012.

The stock had outperformed the market over the past one month till 13 July 2012, surging 9.94% compared with Sensex’s 1.97% rise. The scrip had also outperformed the market in past one quarter, jumping 7.28% as against Sensex’s 0.7% rise.

The mid-cap company has an equity capital of Rs 285 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 0.81% based on the closing price of Rs 243.95 on Friday, 13 July 2012.

Tata Communications reported a consolidated net loss of Rs 260.94 crore in Q4 March 2012, higher than net loss of Rs 156.51 crore in Q4 March 2011. Net sales rose 29.1% to Rs 3961.28 crore in Q4 March 2012 over Q4 March 2011.

Tata Communications is a leading global provider of a new world of communications. The Tata Global Network includes one of the most advanced and largest submarine cable networks, a Tier-1 IP network, with connectivity to more than 200 countries across 400 PoPs, and nearly 1 million square feet of data center and collocation space worldwide. The company has strategic investments in South Africa (Neotel), Sri Lanka (Tata Communications Lanka) and Nepal (United Telecom).