JM Financial initiates coverage on Tata Communications with Buy rating, target price Rs 2,030 Jobbery Stock Market update

JM Financial has recommended buying Tata Communications stock with a target price of Rs 2,030, indicating a potential 35 percent increase. Tata Communications, a mid-cap company, operates in the telecommunications sector. The company reported a net profit of Rs 223.88 crore for the quarter ending December 2024. Promoters hold 58.86 per cent stake as of December 2024.