5G roll out agreement between TCS and Airtel will benefit
Stock market experts say that the 5 percent fall in the stock of Tata Communications during the last 5 sessions has been registered due to profit-booking. Also said that this stock can touch the level of Rs 1800 in the next 6-9 months. Ravi Singhal of GCL Securities says that Tata Communications will benefit from the Made in India, 5G roll out agreement between TCS and Bharti Airtel. This is because Tata Communications takes care of their communication network.
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10 thousand crore rupees will be available from BSNL’s land bank sale scheme
Tata Communications is expected to get about 10 thousand crore rupees from the Government of India from the plan of sale of land bank of BSNL. Sandeep Matta of TRADEIT Investment Advisors says that the company serves more than 7000 customers in about 200 countries. The business of the company has tremendous potential for growth. Ravi Singhal says that this stock can also be bought at the current price. For this, definitely put a stop loss of Rs 1100. For short term traders, Matta advises to buy this stock with a stop loss of Rs 1235 with a target of Rs 1335.
Published by:Amrit Chandra