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    Buy Tata Communications, target price Rs 1175: Chandan Taparia

    Synopsis

    Tata Communications Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 32062.50 Crore) operating in Telecommunications sector.

    Buy
    Promoters held 58.86 per cent stake in the company as of 30-Jun-2022, while FIIs owned 17.88 per cent, DIIs 12.93 per cent.
    Chandan Taparia of Motilal Oswal Securities has buy call on Tata Communications with a target price of Rs 1175. The current market price of Tata Communications Ltd. is Rs 1125. 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 32062.50 Crore) operating in Telecommunications sector.

    Tata Communications Ltd. key Products/Revenue Segments include Telecommunication Services for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 4544.51 Crore, up .40 % from last quarter Total Income of Rs 4526.55 Crore and up 10.41 % from last year same quarter Total Income of Rs 4116.14 Crore. Company reported net profit after tax of Rs 535.12 Crore in latest quarter.


    Investment Rationale
    Price volume breakout on daily frame and continuously trending upwards from the last nine weeks.

    Promoter/FII Holdings
    Promoters held 58.86 per cent stake in the company as of 30-Jun-2022, while FIIs owned 17.88 per cent, DIIs 12.93 per cent.



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    (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.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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