Tulip Telecom is currently trading at Rs. 93.35, up by 1.15 points or 1.25% from its previous closing of Rs. 92.20 on the BSE.
The scrip opened at Rs. 92.50 and has touched a high and low of Rs. 93.80 and Rs. 87.60 respectively. So far 151608 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 166.90 on 19-Sep-2011 and a 52 week low of Rs. 65.65 on 26-Jul-2012.
Last one week high and low of the scrip stood at Rs. 105.60 and Rs. 87.60 respectively. The current market cap of the company is Rs. 1341.25 crore.
The promoters holding in the company stood at 69.91% while Institutions and Non-Institutions held 15.75% and 14.34% respectively.
India’s leading Enterprise Data Services provider, Tulip Telecom had issued $150 million zero coupon convertible bonds in 2007, which were due for redemption on August 26, 2012. The company had bought back a portion of bond during 2009, and as on the maturity date, the aggregate principal amount of bonds outstanding is $97 million, which represents a redemption of $140.1708 million (prior to withholding tax).
While the company has partial resources towards the redemption, it is awaiting sanction and disbursements from some of the lenders to raise the balance amount, besides the funds from the issuances of news FCCBs of approximated $50 million. The company endeavors to complete this process at the earliest and expects that the same may be completed by September 10, 2012. The company has firm intent to honour its obligation to the bondholders at the earliest.
Tulip Telecom is India’s leading Enterprise Data Services provider. The company’s data network has the largest reach of over 2,000 locations globally. The company designs, implements and manages communications networks of large enterprises on long term contracts to include enterprise communications connectivity, network integration, managed services and data centers.
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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