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Tata Communication Can Rally 34%, Says ICICI Securities As It Double Upgrades The Stock To 'Buy' — Here's Why
The stock's compelling risk reward; core connectivity FCF and digital services potential – undervalued, says ICICI Securities
11 Mar 2025, 10:46 AM IST 
Tata Communications’ digital services revenue growth is likely to accelerate Q4 FY25 onwards with large deal execution kicking off, and shall sustain in FY26E.
(Photo Source: Vijay Sartape/NDTV Profit)
At current market price, we believe, Tata Communications deserves a double upgrade to Buy due to: Strong pile-up of sales funnel; and early signs of order book growth; strong digital services portfolio with focus on serving cloud ecosystem; and adoption of AI within the organisation; upside risk to connectivity demand from rising adoption of AI; financial discipline and sharp focus on capital allocation without compromising on growth...
