15 Sep 2025 | 5 Mins Read
ICICI Securities sees Rs 2000 as Tata Communications' target price
Flipitmoney
ICICI Securities hosted an NDR with Tata Communications' management. The company remains positive about its digital business, with key parameters advancing and a healthy order book growth. It also addressed challenges in Kaleyra and core connectivity, reiterating FY28 guidance of INR 280bn data revenue and a 23-25% EBITDA margin. ICICI Securities upgraded its rating to BUY with a TP of INR 2,000.