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Last Updated : Jun 29, 2020 07:05 AM IST | Source: Moneycontrol.com

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.

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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

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First Published on Jun 29, 2020 07:05 am
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