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.

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