IIFL Securities has initiated coverage on Tata Communications with a target price of Rs 1,568 (SoTP based) and an ADD rating.
The penalties are based on "deficiencies in regulatory compliance"
Tata Communications has broken the 200-day moving average (DMA) suggesting weakness in the coming days.
Ferilisers, banking shares along with result-oriented stocks like Just Dial, Jubilant Foodworks, Tata Communication, Nestle India and Rallis India to be in focus today
Telecom, airline businesses continue to remain a drag for holding company
Tata Communications on Wednesday posted about 15 per cent jump in consolidated profit at Rs 296.11 crore in the quarter ended June 2021.
Tejas Networks said Panatone and some other companies of the Tata Group would make a public announcement to acquire up to 40.3 million equity shares of Tejas Networks
The Nifty has recently made higher bottoms at 14,416, 14,591, and 14,884 and continues to trade above the 20 and 50-day SMA, which gives further evidence of an uptrend
Analysts expect HUL to post high double-digit growth in both net profit and revenues of the company on a yearly basis
During the March quarter of the financial year 2020-21 (Q4FY21), Rakesh Jhunjhunwala offloaded a 0.26 percentage point stake, or 2.25 million shares, in Titan Company
The realisation is, however, lower than the record Rs 2.10 lakh crore originally budgeted
The government on Friday said it has exited Tata Communications after selling 10 per cent stake to Tata Sons' arm Panatone Finvest
Infrastructure investment trust IndiGrid said its board of investment managers has approved a proposal to raise up to Rs 5,300 crore, including through term loans and issuance of debentures
The government owns a 26 per cent stake in Tata Communications
The government's share sale of 16.12 per cent stake in Tata Communications Ltd received "great response" from institutional investors, DIPAM Secretary Tuhin Kanta Pandey said on Tuesday.
The offer for sale will fetch the government about Rs 5,500 crore.
The government will sell its 10 per cent stake, with an option to sell an additional 6.12 per cent stake in Tata Communications.
The board of IndiGrid Investment Managers will meet on Tuesday to decide on a proposal related to raising Rs 1,500 crore through a rights issue
The sale of 16.12 per cent stake could fetch the government around Rs 5,334 crore.
The government will sell its entire stake in Tata Communications through an offer for sale and the rest to Tata Son's investment arm Panatone Finvest Ltd, according to a regulatory filing