Buy Tata Communications, target Rs 624: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Tata Communications Ltd. with a target price of Rs 624.0 . The current market price of Tata Communications Ltd. is Rs 615.5 Time period given by analyst is Intra Day when Tata Communications Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 608. Tata Communications Ltd., incorporated in 1986, is a largecap company with a market cap of Rs 17541.75 crore.

Tata Communications Ltd. key Products/Revenue Segments include Telecommunication Services which contributed Rs 5068.15 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 4008.58 Crore, down -2.58 % from last quarter Sales of Rs 4114.63 Crore and down -6.64 % from last year same quarter Sales of Rs 4293.73 Crore Company has reported net profit after tax of Rs -114.94 Crore in latest quarter.


The company’s top management includes Dr.Gopichand Katragadda, Dr.Uday B Desai, Mr.G Narendra Nath, Mr.N Srinath, Mr.Saurabh Kumar Tiwari, Mr.Vinod Kumar, Ms.Renuka Ramnath. Company has S B Billimoria & Co. as its auditoRs As on 31-03-2018, the company has a total of 285,000,000 shares outstanding.