Buy Tata Communications, target Rs 540: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Tata Communications Ltd. with a target price of Rs 540. The current market price of Tata Communications Ltd. is Rs 532.5. Time period given by the analyst is Intra Day when Tata Communications Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 524. Tata Communications Ltd., incorporated in 1986, is a midcap company with a market cap of Rs 15176.25 crore. Tata Communications Ltd. key Products/Revenue Segments include Telecommunication Services which contributed Rs 5120.90 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 4068.22 Crore, up 3.99 % from last quarter Sales of Rs 3912.28 Crore and down -3.54 % from last year same quarter Sales of Rs 4217.61 Crore Company has reported net profit after tax of Rs .17 Crore in latest quarter. The company’s top management includes Dr.Uday B Desai, Mr.G Narendra Nath, Mr.Saurabh Kumar Tiwari, Mr.Srinath Narasimhan, Mr.Vinod Kumar, Ms.Renuka Ramnath. Company has S R Batliboi & Associates LLP as its auditoRs As on 31-12-2018, the company has a total of 285,000,000 shares outstanding.