Buy Tata Communication: target of Rs 2130: ICICI Securities
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓ICICI Securities issued a buy rating for Tata Communication with a target price of Rs 2,130.
- ✓The company showed strong Q2FY27 results, with 21.2% YoY growth in EBITDA.
- ✓Digital portfolio revenue also rose by 18.6% YoY.
Story at a Glance
- Category
- BUSINESS
- Reported By
- MoneyControl
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
ICICI Securities research report on Tata Communication TCom delivered a strong Q2FY27, with 21.2% YoY growth in EBITDA and 18.6% YoY increase in digital portfolio revenue. Digital profitability improved noticeably, with EBITDA margin narrowing to negative 3.6% from negative 6.9% in Q1FY27, as the company remains focused on profitable growth led by recurring and network revenues. Two key megatrends continue to underpin superior growth prospects for TCom: 1) surging global network demand driven by expanding data centre connectivity needs, which is accelerating subsea and terrestrial cable capacity utilisation, and active investments in infrastructure capabilities.
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