Neutral on Tata Communications, target price Rs 1910: Motilal Oswal

Motilal Oswal has neutral call on Tata Communications Ltd. with a target price of Rs 1910. The current market price of Tata Communications is Rs 1834.85.

Tata Communications Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 52841.85 Crore) operating in Telecommunications sector.

Tata Communications Ltd. key Products/Revenue Segments include Telecommunication Services for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 5748.70 Crore, up 1.84 % from last quarter Total Income of Rs 5644.74 Crore and up 24.15 % from last year same quarter Total Income of Rs 4630.45 Crore. Company reported net profit after tax of Rs 315.68 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 58.86 per cent stake in the company as of 31-Mar-2024, while FIIs owned 18.24 per cent, DIIs 13.06 per cent.