Tata Communications Pre-Market Report for April 23: Stock May Extend Gains After Strong Close
Tata Communications ended April 22 with a 1.54% gain, closing at ₹1,598. The stock could open firm today amid renewed buying interest and sector momentum.
Key Highlights:
Tata Communications is likely to start the trading session on April 23, 2025, on a firm note, following a 1.54% surge in its stock price on April 22. The stock closed at ₹1,598, gaining ₹24.20 over its previous close of ₹1,573.80, signaling renewed buying interest and confidence in the Tata Group telecom and tech services arm.
April 22 Performance Snapshot
- Closing Price: ₹1,598.00
- Previous Close: ₹1,573.80
- Net Gain: +₹24.20
- Percentage Gain: +1.54%
- Day’s High: Crossed ₹1,600 intraday before slight afternoon dip
- Volume Movement: Consistent intraday accumulation seen between 11:00 AM and 2:00 PM
Market participants attributed the positive sentiment to the broader tech and telecom sector strength, along with optimism around Tata Communications’ expected Q4 earnings and global digital infrastructure deals.
Focus Keyword Appears in This Subheading
Tata Communications Pre-Market Outlook for April 23, 2025
Based on technical cues and April 22’s momentum, Tata Communications could open with modest gains or near-flat positivity in today’s session, especially if Nifty IT and Telecom indices stay supportive.
Pre-market signals to watch:
- If Nifty opens green, expect continuation towards ₹1,610–₹1,625 levels
- Support Zone: ₹1,580–₹1,565
- Resistance Zone: ₹1,610–₹1,635
- RSI and MACD hint at bullish undertone but watch for profit booking at higher levels
What This Means for You
- Short-Term Traders: Watch for breakout above ₹1,610 with volume; maintain stop-loss near ₹1,565
- Long-Term Investors: Momentum indicates solid buying interest; ideal for staggered accumulation ahead of Q4 results
- Institutional Watchers: The stock’s sharp upward move suggests positioning by informed hands amid growing sectoral bets
How to Take Action
- Track Nifty opening and volume action in first 30 minutes for confirmation
- Review global cues, especially Nasdaq Tech for directional leads
- Look out for announcements or block deals pre-opening
Who Will Be Affected
- Retail investors and swing traders eyeing near-term upside in Tata Communications
- Tech sector ETFs and mutual funds holding large allocations in Tata stocks
- Derivatives traders, as options volume may spike at ₹1,600 and ₹1,620 strike levels
Tata Communications Eyes a Bullish Start as Market Awaits Q4 Catalyst
With positive momentum building, Tata Communications may continue to trend upward in today’s session unless global risk-off sentiment disrupts market mood. As April enters its earnings-heavy zone, investor focus will remain on management commentary, order wins, and capex guidance that may be announced in the coming weeks.
The stock remains one of the top picks in the Tata Group digital play, and pre-market action today will reveal whether yesterday’s buying was a precursor to stronger institutional interest.
Stay updated with the latest from Hindustan Herald — your trusted source for
Politics, Business, Sports, Entertainment, Lifestyle, Breaking News, and More.
📲 Follow us on Facebook, Instagram, Twitter, LinkedIn, and YouTube
🔔 Join our Telegram channel @hindustanherald for real-time news alerts.
