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Neutral Tata Communications; target of Rs 590: Motilal Oswal

Motilal Oswal recommended Neutral rating on Tata Communications with a target price of Rs 590 in its research report dated June 26, 2020.

June 29, 2020 / 07:05 AM IST
 
 
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Motilal Oswal 's research report on Tata Communications

We attended TCOM’s analyst webinar which provided a detailed deep-dive into the company’s strategy on [1] Achieving double-digit EBITDA growth [2] Deleveraging and [3] Delivering 20% RoCE. Key insights highlighted below:


Outlook

We value TCOM at INR590 using SOTP and assigning 6x/2x multiple to FY22E data/voice EBITDA. Maintain Neutral.


For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jun 29, 2020 07:05 am

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