{"id":111220,"date":"2023-10-05T13:56:36","date_gmt":"2023-10-05T08:26:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111220"},"modified":"2023-10-05T13:56:49","modified_gmt":"2023-10-05T08:26:49","slug":"tata-group-stock-in-red-after-a-us-based-hedge-fund-sells-0-35-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-group-stock-in-red-after-a-us-based-hedge-fund-sells-0-35-stake-in-the-company\/","title":{"rendered":"Tata group stock in red after US based hedge fund sells 0.35% stake in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-303483782\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of Tata\u2019s telecom company lost almost 0.5 percent after a US based hedge fund sold stake. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3198341390\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 12.45, 5th october shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TATACOMM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tata communication Ltd<\/a><\/strong> were trading at Rs. 1856.10 per share, down by 0.42 percent from previous closing price of Rs. 1863.95 per share.\u00a0<\/p><p>East Bridge Capital Management is a US based hedge fund that focuses on Indian equities. One of the funds in east bridge capital management sold 10,05,000 shares of Tata communication which is about 0.35 percent of the company. Earlier hedge fund held 3.54 percent stake in the company, after the sale they are holding 3.19 percent stake in the company.&nbsp;<\/p><p>Looking at the financial reports, the company\u2019s revenue has increased by 10.69 percent to Rs. 4,771.36 crores in Q1FY24 from Rs. 4,310.52 in Q1FY23. In the same time period, the company&#8217;s net profit decreased by 29.81 percent to Rs. 381.69 crores from Rs. 543.76 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1468035105\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Talking about the financial ratios, the company reported return on equity (ROE) of 144.48 percent and return on capital employed (ROCE) of 27.92 percent in the last financial year.&nbsp;<\/p><p>Tata communications Ltd is an Indian telecommunications company. The company is engaged in the business of providing network services and software defined network platforms, such as Ethernet, SD-WAN, content delivery networks etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vinit Israni&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-527469098\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of Tata\u2019s telecom company lost almost 0.5 percent after a US based hedge fund sold stake. At 12.45, 5th october shares of Tata communication Ltd were trading at Rs. 1856.10 per share, down by 0.42 percent from previous closing price of Rs. 1863.95 per share.\u00a0 East Bridge Capital Management is a US based hedge [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,12840,12839,12841],"class_list":["post-111220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-tata-communication-latest-news","tag-tata-communication-share-price","tag-why-is-tata-communication-share-falling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata group stock in red after US based hedge fund sells 0.35% stake in the company - 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