Motilal Oswal recommended Neutral rating on Tata Communications with a target price of Rs 590 in its research report dated June 26, 2020.
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  Achieving double-digit EBITDA growth  Deleveraging and  Delivering 20% RoCE. Key insights highlighted below:
We value TCOM at INR590 using SOTP and assigning 6x/2x multiple to FY22E data/voice EBITDA. Maintain Neutral.
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