Tata Communications Limited : The trend should regain control
| Entry price | Target | Stop-loss | Potential |
|---|
|
₹1,058.95 |
₹1,129.05 |
₹1,020 |
+6.62% |
|---|
Shares in Tata Communications Limited show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
● For the past twelve months, EPS forecast has been revised upwards.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The tendency within the weekly time frame is positive above the technical support level at 498.35 INR
● The group usually releases earnings worse than estimated.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.
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TATA COMMUNICATIONS LIMITED 
