Multibagger Stock: Tata Communications rallied over 100% in 2 years; is there more upside ahead?

livemint.com:

Tata Communications, a Tata Group stock, have delivered substantial returns to their shareholders over the years, demonstrating resilience in the face of market volatility. The stock, which was trading at ₹914 apiece two years ago, has jumped 104% to trade at the current level of ₹1,868.

Over the past 11 years, investors have enjoyed an impressive return of 1430%. In April, Tata Communications reached a new pinnacle, surpassing the ₹2,000 mark for the first time, touching an all-time high of ₹2,084 per share.Also Read: TCPL to double capex this fiscal, expand into new categoriesThe company has been pivotal in shaping the landscape of digital services, playing a crucial role in enabling enterprise-level connectivity across the country.

With its expansive global network, including the world's largest wholly-owned subsea fibre backbone and a Tier-1 IP network connecting over 190 countries and territories worldwide, Tata Communications facilitates around 30% of the world's internet routes. The company serves as a critical link, connecting businesses to 80% of the world's cloud giants and reaching 4 out of 5 mobile subscribers globally.Also Read: Mint Explainer: Why Tata Steel is jittery about the UK electionPresently, it offers international and national voice and data transmission services, the sale and leasing of bandwidth on undersea cable systems, internet connectivity services, and other value-added services comprising telepresence, managed hosting, mobile global roaming and signaling services, transponder lease, television uplinking, and other related services.During its recent annual investor meeting, the company's management reaffirmed its ambitious FY27 goals across four key metrics.