JM Financial recommends a ‘Buy’ for Tata Communications, setting a target price of Rs 2,000, citing a potential ~24% data segment EBITDA CAGR between FY25-28. The brokerage highlights strong growth in Tata Communications’ digital portfolio and improving EBITDA margins. For the quarter ended March 31, 2025, Tata Communications reported a consolidated total income of Rs 6059.
