Tata Communications shares surged 15% to ₹1,948 after TCS announced plans to build 1GW AI data center capacity. Discover how Tata Communications is set to play a key role in India’s AI infrastructure growth.
Shares of Tata Communications Limited surged nearly 15% on Friday, reaching ₹1,948 on the Bombay Stock Exchange (BSE). The rally came on the heels of a major announcement by Tata Consultancy Services (TCS) regarding the development of 1GW AI data center capacity over the next 5 to 7 years.
The strong upward momentum pushed Tata Communications’ stock close to its 52-week high of ₹1,992.60. The company’s market capitalization has now crossed ₹53,700 crore, reflecting growing investor confidence.
TCS AI Data Center Plan Sparks Rally
The surge in Tata Communications shares was directly triggered by TCS’s strategic announcement to establish a massive 1 gigawatt (GW) capacity of AI-powered data centers in India and potentially abroad. Market experts believe Tata Communications is expected to play a pivotal role in enabling connectivity and infrastructure support for these centers.
According to analysts, Tata is well-positioned to deliver data center-to-data center connectivity solutions essential for AI infrastructure. The company already specializes in linking enterprises, cloud platforms, and data centers, making it a key enabler of the digital backbone required for TCS’s AI ambitions.
Strong Stock Performance Over Time
Tata Communications’ recent rally is part of a broader long-term uptrend. Here’s a snapshot of its performance:
-
Past 6 trading sessions: Up 21%
-
Past 6 months: Up 20%
-
Past 5 years: Gained over 120% (from ₹860.20 on October 9, 2020)
-
Past 10 years: Surged more than 600%
The stock’s 52-week low stands at ₹1,293, marking a significant rebound in recent months.
What’s Driving Investor Optimism?
Investors are bullish on Tata Communications for several reasons:
-
Strategic importance in TCS’s AI expansion.
-
Expertise in enterprise-grade connectivity and cloud solutions.
-
Growth in demand for digital infrastructure and AI-ready networks.
-
A proven track record of consistent performance and innovation.
For More Hindi News: http://newz24india.com