BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
CLSA upgrades Tata Communications to buy
CLSA has upgraded Tata Communications to "buy" from "outperform" with a target price of Rs 570. Core business growth and deleveraging is key. Data business driving is profit margin. Sale of data centres on track. Revise FY17-18 EBITDA estimates by 1-2 per cent. Rising free-cash flows and asset sales are likely to drive stock price.