BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare recommends buy on Tata Communications
Religare recommends buy on Tata Communications for target price of Rs 615. It says Singapore data centre deal is attractively valued at 18 times EV/EBITDA, would bring in cash flows of $400 million, helping Tata Communication to de-lever its balance sheet and curtail investments in this capital-intensive business.