New Delhi, April 23 -- Shares of Tata Communications gained 5.6% in intraday trade on Thursday (April 23), hitting a two-month high of Rs.1,609 apiece, as investors reacted positively to the company's March quarter performance. Analysts, too, largely maintained their estimates, helping the stock record its biggest single-day gain in over two months.

The company delivered a steady Q4 performance, with 11.5% YoY and 6% QoQ growth in data revenue, driven by acceleration in digital portfolio growth and 4.5% YoY growth in core connectivity.

Consolidated gross revenue grew 9.4% YoY and 6% QoQ to Rs.6,550 crore, coming in line with analysts' estimates. Revenue from the Data Services segment, which accounts for the bulk of total revenue, stood ...