Buy Tata Communications, target Rs 725: Pritesh Mehta

Pritesh Mehta of IIFL has buy call on Tata Communications with a target price of Rs 725.

The current market price of Tata Communications is Rs 672.05.

Time period given by analyst is intraday when Tata Communications price can reach defined target.

Pritesh Mehta recommended to keep stoploss at Rs 657.

Tata Communications, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 19,368.60 crore) operating in Telecommunications sector.

Tata Communications key Products/Revenue Segments include Telecommunication Services which contributed Rs 5,068.15 crore to Sales Value (100 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 4,310.02 crore, up .38 per cent from last quarter Sales of Rs 4,293.73 crore and down 14.34 per cent from last year same quarter Sales of Rs 5,031.69 crore.

The company’s top management includes Dr.Gopichand Katragadda, Dr.Uday B Desai, Mr.Bharat Vasani, Mr.G Narendra Nath, Mr.Kishor A Chaukar, Mr.N Srinath, Mr.Saurabh Kumar Tiwari, Mr.Vinod Kumar, Ms.Renuka Ramnath. Company has S B Billimoria & Co. as its auditors. As on 30-06-2017, the company has a total of 285,000,000 shares outstanding.