Synopsis
Tata Communications Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 41525.93 Crore) operating in Telecommunications sector.
Getty ImagesICICI Direct has buy call on Tata Communications with a target price of Rs 1578. The current market price of Tata Communications Ltd. is Rs 1457.45.
Time period given by analyst is Intra Day when Tata Communications Ltd. price can reach defined target.
Tata Communications Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 41525.93 Crore) operating in Telecommunications sector.
Tata Communications Ltd. key Products/Revenue Segments include Telecommunication Services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 4210.44 Crore, up 2.29 % from last quarter Total Income of Rs 4116.14 Crore and down -5.96 % from last year same quarter Total Income of Rs 4477.18 Crore. Company reported net profit after tax of Rs 425.81 Crore in latest quarter.
Investment Rationale
Strong rebound after a base at the 200-day EMA and MACD in buy mode.
Promoter/FII Holdings
Promoters held 58.86 per cent stake in the company as of 30-Sep-2021, while FIIs owned 23.45 per cent, DIIs 7.63 per cent.
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SynopsisTata Communications Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 41525.93 Crore) operating in Telecommunications sector.Getty ImagesPromoters held 58.86 per cent stake in the company as of 30-Sep-2021, while FIIs owned 23.45 per cent, DIIs 7.63 per cent.ICICI Direct has buy call on Tata Communications with a target price of Rs 1578. The current market price of Tata Communications Ltd. is Rs 1457.45. Time period given by analyst is Intra Day when Tata Communications Ltd. price can reach defined target. Tata Communications Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 41525.93 Crore) operating in Telecommunications sector. Tata Communications Ltd. key Products/Revenue Segments include Telecommunication Services for the year ending 31-Mar-2021. Financials For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 4210.44 Crore, up 2.29 % from last quarter Total Income of Rs 4116.14 Crore and down -5.96 % from last year same quarter Total Income of Rs 4477.18 Crore. Company reported net profit after tax of Rs 425.81 Crore in latest quarter. Investment RationaleStrong rebound after a base at the 200-day EMA and MACD in buy mode. Promoter/FII Holdings Promoters held 58.86 per cent stake in the company as of 30-Sep-2021, while FIIs owned 23.45 per cent, DIIs 7.63 per cent. (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.) Download The Economic Times News App to get Daily Market Updates & Live Business News….morelessPick the best stocks for yourself Powered by 5 mins read3 mins read3 mins read2 mins read2 mins read3 mins read4 mins read3 mins read