Why has there been such a solid rally in the stock of Tata Communications?
Answer
Answer
Tata Communications has rallied and touched an all-time high price of Rs.1,542 a few days after the stock was added to F&O. However, there is a more fundamental story. The rally came after the company won a deal from Zain KSA for digital transformation of private and government organisations in the Kingdom of Saudi Arabia (KSA). Tata Communications will provide sophisticated technologies like IOT, 5G, Managed Security Services, SDWAN etc.