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Upside for Tata Communications hinges on data growth, esp newer segments

Land monetisation could be a short term trigger

Topics
Tata Communications | Google Cloud | Tata stocks

Ram Prasad Sahu  |  Mumbai 



Tata Communications
Despite the muted revenue performance in Q3, the company managed to improve margins by 680 basis points to 24.8 per cent.

After falling 14 per cent on lower than expected results in the December quarter, the stock of more than erased the losses gaining 26 per cent since then. Half of those gains came in the last two trading sessions due to an increase in target price. The triggers being land bank monetisation and robust growth in data services.

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First Published: Wed, March 03 2021. 19:48 IST

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