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Tata Communications: Target Price Hiked After Q4 Results; Motilal Oswal Sees Re-rating Potential — Check Details

Motilal Oswal highlighted that acceleration in data revenue growth and margin expansion remain key triggers for a potential rerating of the stock.

Tata Communications: Target Price Hiked After Q4 Results; Motilal Oswal Sees Re-rating Potential — Check Details
Motilal Oswal said the telecom major delivered largely inline Q4 results, supported by steady growth in its data business and strong traction in the digital portfolio.
(Photo: Vijay Sartape/ NDTV Profit)
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Tata Communications Ltd.
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NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

The brokerage Motilal Oswal has reiterated its ‘Neutral' rating after Q4 results, while revising the target price to Rs 1,720, implying a potential upside of about 13% from current levels. 

Motilal Oswal said the company delivered largely in-line Q4 FY26 results, supported by steady growth in its data business and strong traction in the digital portfolio. Digital revenues grew at a faster pace, helping drive overall performance.

Motilal Oswal highlighted that acceleration in data revenue growth and margin expansion remain key triggers for a potential rerating of the stock. The order book remains robust with healthy deal wins, particularly in international markets.

However, the brokerage maintained a cautious stance, noting that sustained improvement in growth momentum will be crucial for further upside.

Click on the attachment to read the full report:

Motilal Oswal Tata Communications Q4fy26 Results Review.pdf
VIEW DOCUMENT

ALSO READ: Tech Mahindra Shares in Focus as IDBI Capital Revises Target Price After Q4 Results — Check Potential Upside

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