Neutral Tata Communications; target of Rs 1980: Motilal Oswal
Motilal Oswal's research report on Tata CommunicationsTata Communications (TCOM) delivered a strong 2QFY27, with reported EBITDA rising 21% YoY (5% beat). EBITDA margin expanded ~200bp YoY to 21.3%, driven by lower digital losses (-3.6% in 2QFY27 vs. -6.9% QoQ). Data revenue grew 12.2% YoY (+1.8% Q…