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ICICI Securities upgraded Tata Communications to BUY, increasing the target price to Rs 1840 from Rs 1690. With a market cap of Rs 42893.93 crore, Tata Communications reported a total income of Rs 5826.80 crore for the quarter ended December 2024. The upgrade is due to strong sales funnel, digital services focus, AI adoption, compelling valuations, and disciplined financial management.
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