Indiabulls Securities, in its latest research on Tata Communication has given "Hold" ratings to the stock, citing the current valuations as the reason.
According to the report, company's revenue grew slugglishly by 4.3% y-o-y to Rs 8.9 bn due to poor performance of its voice business. The current valuations suggests fair price of Rs. 473 which doesn't provide any scope of further upside.
The report also talks about the five year voice deal with British Telecom which might increase the revenues from its voice business by as much as 25%.
To read the full report, Indiabulls customers can logon to the trading website or PIB and visit Equity Analysis section.
According to the report, company's revenue grew slugglishly by 4.3% y-o-y to Rs 8.9 bn due to poor performance of its voice business. The current valuations suggests fair price of Rs. 473 which doesn't provide any scope of further upside.
The report also talks about the five year voice deal with British Telecom which might increase the revenues from its voice business by as much as 25%.
To read the full report, Indiabulls customers can logon to the trading website or PIB and visit Equity Analysis section.
I go by Indiabulls research report. The stock has underperformed the index for last few weeks.
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