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Australia-based Findi hits over 2-decade high on buying Tata Communications unit Shares of Australia-based Findi jumped to a more than two-decade high on Friday, after the fintech services provider said it would acquire Tata Communications' payment solutions unit for A$75.7 million ($48.81 million). The stock gained as much as 12.2% to A$7.65, its highest level since Sept. 13, 2002, while the benchmark ASX 200 index was up 0.53%, as of 0050 GMT. It has risen 14% in value so far this week and is poised for its best week since mid-October. The acquisition of Ta...
Australia-based Findi hits over 2-decade high on buying Tata Communications unit
Australia-based Findi hits over 2-decade high on buying Tata Communications unit
Source: Reuters
2024-11-15 09:18:22 am
Neutral Tata Communications Ltd For Target Rs. 1,790By Motilal Oswal Financial Services Ltd Subdued results on weak core-connectivity growth * Tata Communications (TCOM) reported weak results with consolidated EBITDA declining 1% QoQ (5% miss) and margins contracting 60bp QoQ to 19.4%. The reported revenue/EBITDA were boosted by INR865m prior period revenue recognition. * Reported data revenue grew 3% QoQ (inline) with a modest 2.5% QoQ growth in core-connectivity and ~4% QoQ growth in digital portfolio, driven by 34% QoQ growth in Incubation. DPS revenue grew modest ~1.5% QoQ...
Neutral Tata Communications Ltd For Target Rs. 1,790By Motilal Oswal Financial Services Ltd
Neutral Tata Communications Ltd For Target Rs. 1,790By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-10-21 11:52:55 am
India`s Tata Communications posts Q2 revenue growth on steady digital services demand India's Tata Communications reported an 18% growth in its second-quarter revenue on Thursday, helped by steady demand for its digital services. The firm posted revenue of 57.67 billion rupees ($686 million) for the three months ended Sept. 30, as compared to 48.73 billion rupees a year earlier. Tata Communications provides services such as data connections and cybersecurity to enterprises. The firm's revenue has been a key metric for investors and analysts in recent quarters ...
India`s Tata Communications posts Q2 revenue growth on steady digital services demand
India`s Tata Communications posts Q2 revenue growth on steady digital services demand
Source: Reuters
2024-10-17 04:59:59 pm
Tata Communications inches up on raising Rs 250 crore through Commercial Paper Tata Communications is currently trading at Rs. 1978.65, up by 1.80 points or 0.09% from its previous closing of Rs. 1976.85 on the BSE. The scrip opened at Rs. 1991.55 and has touched a high and low of Rs. 1991.55 and Rs. 1961.00 respectively. So far 3737 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2085.00 on 03-Apr-2024 and a 52 week low of Rs. 1543.10 on 26-Oct-2023. Last one week high and low of the scr...
Tata Communications inches up on raising Rs 250 crore through Commercial Paper
Tata Communications inches up on raising Rs 250 crore through Commercial Paper
Source: Accord Fintech
2024-09-20 12:38:35 pm
India`s Tata Communications posts higher Q1 revenue on strong demand for digital services India's Tata Communications reported its tenth straight rise in quarterly revenue on Thursday, helped by growth in its digital portfolio segment. The Tata Group-owned company's revenue rose 18% to 56.33 billion rupees ($673.4 million) for the three months ended June 30. Tata Communications provides services such as data connections and cybersecurity to enterprises. Revenue from the data services business, which contributes more than 80% to the total, climbed 20%, on the back ...
India`s Tata Communications posts higher Q1 revenue on strong demand for digital services
India`s Tata Communications posts higher Q1 revenue on strong demand for digital services
Source: Reuters
2024-07-18 04:02:27 pm
Neutral Tata Communications Ltd For Target Rs.1,950 By Motilal Oswal Financial Services Focusing on digital platform growth We attended TCOM’s analyst meet, where management presented its GTM ‘product-to-platform’ strategy and discussed about the expanding growth in new products/portfolios and geographies. Below are the key highlights: * Management reiterated its ambition to double data revenue by FY27 to INR280b (at 18% revenue CAGR), driven by the DPS segment that is likely to contribute more than 60% of data revenue. * This will require higher ...
Neutral Tata Communications Ltd For Target Rs.1,950 By Motilal Oswal Financial Services
Neutral Tata Communications Ltd For Target Rs.1,950 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-08 02:50:11 pm
Tata Communications jumps on raising Rs 250 crore through Commercial Paper Tata Communications is currently trading at Rs. 1865.55, up by 34.15 points or 1.86% from its previous closing of Rs. 1831.40 on the BSE. The scrip opened at Rs. 1833.60 and has touched a high and low of Rs. 1867.75 and Rs. 1820.00 respectively. So far 9942 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2085.00 on 03-Apr-2024 and a 52 week low of Rs. 1515.50 on 30-Jun-2023. Last one week high and low of the sc...
Tata Communications jumps on raising Rs 250 crore through Commercial Paper
Tata Communications jumps on raising Rs 250 crore through Commercial Paper
Source: Accord Fintech
2024-06-20 02:42:13 pm
Tata Communications gains on inking five-year host broadcasting services deal with World Athletics Tata Communications is currently trading at Rs. 1896.55, up by 17.40 points or 0.93% from its previous closing of Rs. 1879.15 on the BSE. The scrip opened at Rs. 1882.05 and has touched a high and low of Rs. 1916.00 and Rs. 1882.05 respectively. So far 28968 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2085.00 on 03-Apr-2024 and a 52 week low of Rs. 1,475.00 on 13-Jun-2023. Last one week high and low of the ...
Tata Communications gains on inking five-year host broadcasting services deal with World Athletics
Tata Communications gains on inking five-year host broadcasting services deal with World Athletics
Source: Accord Fintech
2024-06-12 04:46:36 pm
Neutral Tata Communications Ltd. For Target Rs.1,910 - Motilal Oswal Financial Services Business integration impacts EBITDA * Tata Communications (TCOM) reported 1% growth QoQ in revenue (in line) and a 7% decline QoQ in EBITDA (9% miss) in 4QFY24 due to higher integration expenses. Adjusting for the acquisitions, data revenue and data EBITDA was flat QoQ. * The management's endeavor to drive growth, including the loss-making acquisitions, has resulted in margin contraction. However, the long-term focus on margin-accretive growth remains intact. We estimate a CAGR of 1...
Neutral Tata Communications Ltd. For Target Rs.1,910 - Motilal Oswal Financial Services
Neutral Tata Communications Ltd. For Target Rs.1,910 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-07 11:22:46 am
Add Tata Communications Ltd. For Target Rs.2,125 By Emkay Global Financial Services TCom reported broadly in-line revenue, but margin disappointed in Q4 due to lower margins for Kaleyra/Switch. Combined EBITDA of Kaleyra and Switch was down to Rs0.2bn in Q4 from Rs1.1bn in Q3, leading to consolidated margin declining 160bps QoQ to 18.6%. While funnel continues to be robust, order book has been flattish. Revenue likely to improve on investing in the platform and realizing synergies from acquisition. Margin to improve from FY25 due to: i) Reduction in M&A spend; ii) operat...
Add Tata Communications Ltd. For Target Rs.2,125 By Emkay Global Financial Services
Add Tata Communications Ltd. For Target Rs.2,125 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-05-17 10:57:38 am
Buy Tata Communications Ltd For Target Rs.1,910 - Motilal Oswal Financial Services Ltd Business integration impacts EBITDA * Tata Communications (TCOM) reported 1% growth QoQ in revenue (in line) and a 7% decline QoQ in EBITDA (9% miss) in 4QFY24 due to higher integration expenses. Adjusting for the acquisitions, data revenue and data EBITDA was flat QoQ. * The management's endeavor to drive growth, including the loss-making acquisitions, has resulted in margin contraction. However, the long-term focus on margin-accretive growth remains intact. We estimate a CAGR of 1...
Buy Tata Communications Ltd For Target Rs.1,910 - Motilal Oswal Financial Services Ltd
Buy Tata Communications Ltd For Target Rs.1,910 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-04-19 02:41:23 pm
Neutral Tata Communications Ltd For Target Rs.1,750 - Motilal Oswal Financial Services Ltd Integration of Kaleyra drives EBITDA * Tata Communications (TCOM) reported 16% QoQ growth in revenue (in line) and 12% QoQ growth in EBITDA (9% beat). Cost synergies after the integration of the Kaleyra acquisition led to a beat in EBITDA. Adjusting for the acquisitions, revenue/EBITDA were flat QoQ. * The management's endeavor to drive growth has diluted margins, including the loss-making acquisitions. However, the company has reiterated its longterm focus on margin-accretive growt...
Neutral Tata Communications Ltd For Target Rs.1,750 - Motilal Oswal Financial Services Ltd
Neutral Tata Communications Ltd For Target Rs.1,750 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-02-26 01:40:56 pm
Tata Power trades higher as its arm inks power delivery agreement with Tata Communications Tata Power is currently trading at Rs. 377.00, up by 3.50 points or 0.94% from its previous closing of Rs. 373.50 on the BSE. The scrip opened at Rs. 376.75 and has touched a high and low of Rs. 380.75 and Rs. 375.30 respectively. So far 327743 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 412.75 on 09-Feb-2024 and a 52 week low of Rs. 182.45 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs....
Tata Power trades higher as its arm inks power delivery agreement with Tata Communications
Tata Power trades higher as its arm inks power delivery agreement with Tata Communications
Source: Accord Fintech
2024-02-15 10:56:24 am
Tata partners Microsoft to provide calling solutions on Teams for Indian enterprises Tata Communications on Wednesday announced that it partnered with Microsoft to provide flexibility in collaboration and connectivity on Microsoft Teams for enterprises in India. The Tata Communications GlobalRapide platform will enable both Indian enterprise users as well as multinationals with a presence in the country to seamlessly make and receive carrier-grade PSTN voice calls on any Teams device, anywhere across the globe, by utilising the Operator Connect platform, the company said. ...
Tata partners Microsoft to provide calling solutions on Teams for Indian enterprises
Tata partners Microsoft to provide calling solutions on Teams for Indian enterprises
Source: IANS
2024-02-07 12:30:00 pm
Add Tata Communication Ltd for target Rs 1,990 - Yes Securities Ltd Mixed operating performance with Digital Segment driving growth momentum Result Synopsis Tata Communication (TCOM) reported inline performance for the quarter. The sequentialrevenue growth was as per expectation; while EBITDA margin was slightly above expectation. It reported sequential revenue growth of 15.6% QoQ, led by increase in the Data revenue by 15.6% QoQ. Voice revenue declined by 24.4% YoY, inline with trend. There was sequential decline in EBITDA margin (down 70 bps QoQ) led ...
Add Tata Communication Ltd for target Rs 1,990 - Yes Securities Ltd
Add Tata Communication Ltd for target Rs 1,990 - Yes Securities Ltd
Source: Yes Securities Ltd
2024-01-26 11:40:12 am
India`s Tata Communications posts fastest quarterly revenue growth in 9 years India's Tata Group-owned Tata Communications reported its fastest quarterly revenue growth in nearly nine years on Thursday, boosted by strength in its mainstay data services business. Revenue rose 24.4% to 56.33 billion rupees (nearly $678 million) for the quarter ended Dec. 31, according to an exchange filing. The company, which provides services such as data connections and cybersecurity to enterprises, logged its eighth straight jump in quarterly revenue. Shares of the compan...
India`s Tata Communications posts fastest quarterly revenue growth in 9 years
India`s Tata Communications posts fastest quarterly revenue growth in 9 years
Source: Reuters
2024-01-18 05:35:53 pm
Nifty closed in the green on 5 occasions in month of November for last 10 yrs An analysis for the month of November indicated that the Nifty had closed in the green on five occasions with an average return of 1.2 per cent in the last 10 years, JM Financial Institutional Securities said in a report.The Nifty Mid-cap index, on the other hand, has shown a relatively stronger seasonality, closing in the green on eight occasions with an average return of 2.1 per cent, the report said.It has managed to outperform the Nifty on seven occasions with an average outperformance of...
Nifty closed in the green on 5 occasions in month of November for last 10 yrs
Nifty closed in the green on 5 occasions in month of November for last 10 yrs
Source: IANS
2023-10-26 01:52:06 pm
India`s Tata Communications posts 59% profit slump on higher costs Indian network services provider Tata Communications reported a 59% drop in second-quarter profit on Thursday, weighed down by higher costs.Consolidated net profit for the company, a subsidiary of the Tata Group, fell to 2.21 billion rupees ($26.56 million) for the quarter ended Sept. 30, from 5.32 billion rupees a year ago, marking its fourth straight decline in quarterly profit.Expenses rose 16% to 46 billion rupees, led by a 15% jump in network and transmission costs.Meanwhile, the company...
India`s Tata Communications posts 59% profit slump on higher costs
India`s Tata Communications posts 59% profit slump on higher costs
Source: Reuters
2023-10-20 09:32:48 am