Buy Tata Communications, target price Rs 1680: ICICI Securities

ICICI Securities has buy call on Tata Communications with a target price of Rs 1680. The current market price of Tata Communications is Rs 1274.1. Time period given by analyst is one year when Tata Communications Ltd. price can reach defined target.

Tata Communications Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 36128.03 Crore) operating in Telecommunications sector.

Tata Communications Ltd. key Products/Revenue Segments include Telecommunication Services for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 4203.69 Crore, down -.16 % from last quarter Total Income of Rs 4210.44 Crore and down -.65 % from last year same quarter Total Income of Rs 4231.05 Crore. Company reported net profit after tax of Rs 388.05 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 58.86 per cent stake in the company as of 31-Dec-2021, while FIIs owned 21.57 per cent, DIIs 8.85 per cent.