Add Tata Communications, target price Rs 1110: ICICI Securities

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Add Tata Communications, target price Rs 1110:  ICICI Securities


ICICI Securities has add call on Tata Communications with a target price of Rs 1110. The current market price of Tata Communications Ltd. is Rs 1033.7.

Tata Communications Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 29654.25 Crore) operating in Telecommunications sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 4222.83 Crore, down 4.05 % from last quarter Sales of Rs 4401.08 Crore and down -.14 % from last year same quarter Sales of Rs 4228.72 Crore. Company reported net profit after tax of Rs 310.35 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of Dec 30, 2020, while FIIs held 17.7 per cent, DIIs 1.4 per cent and public and others 5.9 per cent.





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