Buy Tata Comm To Achieve Target Of Rs 350

Buy Tata Comm To Achieve Target Of Rs 350Technical analyst SP Tulsian has maintained 'buy' rating on Tata Communications Limited stock with a target of Rs 350.

According to analyst, the stock can attain the said target within a period of six months.

Today, the shares of the company opened at Rs 247.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 354.30 and a low of Rs 195 on BSE.

Current EPS & P/E ratio stood at 1.77 and 141.76 respectively.

Tata Communications turned the primary Indian telecommunication company to provide Cloud Computing solutions all over the world.

After a productive launching in the Indian market during October 2010, Tata Communications rolled out Infrastructure as a Service (IaaS) services in the Singaporean market, also covering up the bordering nations comprising Hong Kong, Malaysia, Indonesia, Thailand, Vietnam and the Philippines.

After this year, the launch will be elongated to the United Kingdom, United States in addition to South African markets.

InstaCompute provides safe as well as elastic computation and storage resources to biz over Tata Communications' IP backbone.

Mr. Vinod Kumar, MD and CEO of Tata Communications stated, "Singapore businesses are aggressively adopting innovative business technologies that will allow them to leapfrog on to the international stage. Singapore is where our international headquarters are based and is a key market for us."