Land, operational factors triggers for Tata Communications

Land sales and improvement in return ratios would lead to re-rating

Ram Prasad Sahu 

The Tata Communications stock is up four per cent over the last couple of trading sessions on the back of brokerage upgrades and moves to monetise surplus land. The government, which has a 26 per cent stake in the company, has reportedly approved the demerger and is approaching the National Company Law Tribunal (NCLT) for approval. The surplus land of 740 acres was part of the erstwhile VSNL. The Tatas had purchased 45 per cent stake in VSNL in 2002.    While the timeline for execution is unclear, analysts at Morgan Stanley believe the deal would benefit Tata ...

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First Published: Mon, September 18 2017. 19:53 IST