Tata Communications misses Q1 estimates; brokerages retain Buy and revise targets
Tata Communications reported Q1 FY27 revenue of ₹6,580 crore, up 10.5% year on year, while growth in cloud, cybersecurity and media trailed expectations. JM Financial cut its target price to ₹2,260, while Nuvama raised its target to ₹2,300; both retained Buy ratings.
Tata Communications missed some Q1 FY27 revenue and EBITDA expectations as cloud, cybersecurity and media growth lagged. JM Financial cut its target to Rs 2,260, while Nuvama raised its target to Rs 2,300; both retained Buy ratings.