Buy Call For Tata Communications, Target Price Rs 1400, Target Time 60 Days: Prabhudas Lilladher

Prabhudas Lilladher has assigned buy call to the Tata Group stock, Tata Communications Ltd for target price of Rs 1400 apiece. Today the stock of Tata Communication is falling as domestic equity market benchmarks BSE Sensex and NSE Nifty witnessed a decline as investors decide to remain cautious ahead of key US Fed meeting outcome. BSE Sensex shed 205 points at 59,513 while NSE Nifty fell by 79 points at 17,736 in afternoon trade.

Tata Communications Ltd Stock Outlook

The current market price of Tata Communications is Rs 1212 apiece with an intraday decline of 0.58%. According to Prabhudas Lilladher, if you invest in the stock at its current market price, it is showing an upside with a target price of Rs 1400 in a target time of 60 days. It will give investors a potential return of 16% in 60 days.

Tata Communications Ltd Market Capitalisation

The company has a market capitalisation of Rs 34,542.00 crore at the time of writing the story.

Tata Communications Ltd 52-Week High/Low

The stock's 52-week high is Rs 1590 apiece and 52-week low is Rs 856 apiece, respectively.

Tata Communications Ltd Strengths/Weakness

It is a company with high TTM EPS growth. Its RoCE has been improving for the last two years. The company has been efficiently using its capital to generate profit. It is effectively managing its assets to generate profits. It is a company with high debt and it falls in the list of companies with growing costs YoY for long term projects.

Tata Communications Ltd 5 Years Return

The stock has given multibagger return to investors with a return of 73% in last 5 years, 279% return in last 3 years, and a 14% decline in last 1 year.

Tata Communications Ltd Quarterly Result

The company for the quarter ended June 30, 2022 declared a consolidated total income of Rs 4,544.51 crore, up .40 % from last quarter total income of Rs 4,526.55 crore. It has declared a net profit after tax at Rs 535 crore in the latest quarter.

Tata Communications Ltd About

Tata Communications is a digital ecosystem enabler that powers today's fast-growing digital economy. The company enables the digital transformation of enterprises globally, including 300 of the Fortune 500 - unlocking opportunities for businesses by enabling borderless growth, boosting product innovation and customer experience, improving productivity and efficiency, building agility and managing risk. It is present in 190+ countries and territories around the world.

Disclaimer

The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.