Moneycontrol
Sep 13, 2017 03:13 PM IST | Source: CNBC-TV18

BOBCAPS initiates coverage with a buy rating on Tata Communications

Tata Communications is on radar after BOBCAPS initiates coverage with a buy rating on the stock. In an interview to CNBC-TV18, Rumit Dugar, Senior VP-Research at BOBCAPS shared his views and outlook on the stock.

Tata Communications is on radar after BOBCAPS initiates coverage with a buy rating on the stock. In an interview to CNBC-TV18, Rumit Dugar, Senior VP-Research at BOBCAPS shared his views and outlook on the stock. He said the compnay is more of a global telecom play with operations across geographies.

He further said that most of their services address the business-to-business (B2B) market, so either the customer is a telco or are enterprises.

"We have sum-of-the-part (SOTP) based valuation, so the voice business we value at 4 times EBITDA and data business we value at 8 times EBITDA," he added.

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