Tata Communications shares target price – Tata Communications share price: JM Financial initiates coverage on Tata stock; check targets
Tata Communications share price: Domestic brokerage JM Financial has initiated coverage on Tata Communications Ltd. It is positive on the Tata Group counter highlighting the growth potential in Tata Communications digital portfolio and resilience in macroeconomic conditions.
JM Financial has issued a ‘buy’ rating for Tata Communications (TCOM) as the financial services firm bases its positive outlook on its strategic investments, which are expected to significantly boost its digital portfolio. This expansion is seen as pivotal in enhancing the company’s overall business resilience and ability to capitalise on improving macroeconomic conditions.
The valuation approach employed by JM Financial is the sum-of-the-parts method, which…
