Buy Tata Communications, target Rs 760: Manav Chopra

Manav Chopra of Monarch Networth Capital has a buy call on Tata Communications Ltd. with a target price of Rs 760.The current market price of Tata Communications Ltd. is Rs 721.8. The time period given by the analyst is Intra Day when Tata Communications Ltd. price can reach defined target. Manav Chopra recommended to keep stop loss at Rs 705.

Tata Communications Ltd., incorporated in the year 1986, is a largecap company with a market cap of ₹ 20571.30 crore operating in Telecommunications sector.

Tata Communications Ltd. key Products/Revenue Segments include Telecommunication Services which contributed ₹ 4740.06 Cr to Sales Value (98.95 % of Total Sales) and Other Operating Revenue which contributed ₹ 50.26 Cr to Sales Value (1.04 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 4360.05 Cr., down -3.31% from last quarter Sales of ₹ 4509.09 Cr. and down -3.54% from last year same quarter Sales of ₹ 4520.06 Cr. Company has reported net profit after tax of ₹ 1412.23 Cr. in latest quarter. The company’s CEO is Mr.Subodh Bhargava. It's Board of Directors include Dr.Gopichand Katragadda, Dr.Uday B Desai, Mr.Bharat Vasani, Mr.G Narendra Nath, Mr.Kishor A Chaukar, Mr.Manish Sansi, Mr.N Srinath, Mr.Saurabh Kumar Tiwari, Mr.Vinod Kumar, Ms.Renuka Ramnath, Mr.Manish Sansi, Mrs.Pratibha K Advani. Company has its registered office at VSB, Mahatma Gandhi Road,, Fort, Mumbai, 400001, Maharashtra. Company has S B Billimoria & Co. as its auditors. As on 31-03-2017, the company has a total of 285,000,000 shares outstanding.