Tata Communications Outperform Rating & Growth Outlook

  Published 1 year ago

CLSA upgrades Tata Communications' outlook, citing strong revenue growth and asset monetization plans.

  • CLSA maintains "outperform" rating with 2,100 rupee price target for Tata Communications.
  • Tata aims for 280 bln rupees revenue by FY28, surpassing CLSA estimates through land sales and STT GDC growth.
  • Stock down 0.3% amid market profit booking, with analysts averaging "hold" ratings this year.

You might like these

IHC's Rs 8,850 Cr Sammaan Takeover

Gland Pharma Wins 180-Day US Exclusivity for GIAPREZA Generic

L&T, ACWA Power Sign Yanbu Renewable MOU

Max Estates & ASLL Senior Living Partnership

Airtel, Jio Shine in Q1 with Strong Growth

India's Service Sector Hits 10-Month Growth High in June

Insurance Stocks Surge on GST Relief

News that matters the most ⚡