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 re-initiates Tata Communications with buy
Core business turnaround has been led by enterprise data. The company is back on growth & profitability track. Sale of non-core Africa operations is a qualitative improvement. Company should have better free cash flow, net gearing. Expect enterprise data business ebitda to deliver 19 per cent CAGR. Minority shareholders have a large option value in real estate demerger.