Tata Communications Ltd (TATACOMM)

Tata Communications Named Leader in Gartner Magic Quadrant for 11th Year - 26 Apr, 2024

Tata Communications has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Global WAN Services for the 11th consecutive year. The evaluation was based on specific criteria that analyzed the company's overall Completeness of Vision and Ability to Execute.

Nuvama Gives Buy Call on Tata Communications After Q4FY24 Results - 22 Apr, 2024

Tata Communications posted a consolidated net profit of Rs 326.03 crore in Q4FY24, with income from operations increasing marginally to Rs 4,586.66 crore. Brokerage firm Nuvama has set a target of Rs 2,200 for the stock, indicating a strong return of over 26% from the current price of Rs 1737.10.

Tata Communications Shares Continue Losing Streak - 19 Apr, 2024

Tata Communications shares have fallen nearly 16% in eight days after weak earnings report. Brokerages see limited upside potential in stock. The company's consolidated revenue grew 1% QoQ to Rs 5,690 crore in Q4FY24. Consolidated Ebitda declined 7% QoQ to Rs 1,060 crore. Motilal Oswal has a neutral rating on the stock with a target price of Rs 1910. Tata Communications' net debt is sitting at a reasonable 2.2 times its EBITDA.

Tata Communications Reports Q4 Results and Dividend Recommendation - 18 Apr, 2024

Tata Communications reported a 1.5% YoY fall in Q4FY24 net profit at Rs 321.18 crore, while revenue rose by 24.6% YoY to Rs 5,691.70 crore. The company's board recommended a dividend of Rs 16.7 per share. Tata Communications stock was trading half a percent higher at Rs 1,894.20 on the NSE.

Tata Communications Reports Marginal Decline in Q4 Profit - 17 Apr, 2024

Tata Communications reported a marginal decline in Q4 FY24 net profit but announced a final dividend of Rs. 16.70 per share for the year. The company's data revenue crossed the Rs. 17,000 crore mark, growing by 21.9% on a full-year basis.

Tata Communications Q4 Results Out; Rekha Jhunjhunwala Reduces Stake - 16 Apr, 2024

Tata Communications releases Q4 FY24 financial results while Rekha Jhunjhunwala reduces her stake in the company by 0.26%, bringing overall holding to 1.6%. The stock has risen over 48% in the last year.

Tata Communications CEO Emphasizes Digital Pivot - 12 Apr, 2024

Tata Communications' CEO, Amur Lakshminarayanan, stresses the importance of pivoting towards digital and highlights the launch of its own AI and recent acquisition of a customer interaction company. The company is helping businesses simplify operations with connected cars and remote software updates. Despite a drop in profits, strategic investments are expected to drive growth. A partnership with NVIDIA to build AI is also planned.

Tata Communications Board to Meet for Q4 Results and Dividend Recommendation - 11 Apr, 2024

The board of Tata Communications will meet on April 17 to recommend a dividend, if any, along with its Q4 FY23-24 financial results. The company has declared 25 dividends since August 31, 2000, and in the past year, it has declared an equity dividend amounting to Rs 21 per share. Despite posting an 88.6% drop in Q3 net profit, the stock has gained over 55% in the last year, outperforming Nifty50's rally of 28%. Tata Communications' current dividend yield stands at 1.07%.

Tata Communications to Recommend Dividend for FY 2023-24 - 08 Apr, 2024

Tata Communications Limited's board of directors will meet on April 17, 2024, to recommend a dividend, if any, for the financial year ended March 31, 2024. The results for the same period will also be announced on the same day.

Private Companies Hold Majority Stake in Tata Communications - 05 Apr, 2024

Private companies own 59% of Tata Communications, giving them significant control over the company's management and business strategy. Institutions hold 28%, while the general public owns 11% stake.