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Tata Communications shows structural breakout; analysts flag buy opportunity
Tata Communications’ breakout suggests long-term upside; ₹2,300 target eyed.
Technical charts suggest Tata Communications has broken out of a consolidation zone, with analysts targeting ₹2,300 over 9–12 months. The breakout is backed by optimism around TCS’s plans to invest in AI-driven data centers, which are expected to uplift supporting telecom names. Experts expect the stock to find strong support around ₹1,700, and urge buying on dips given strengthening momentum in IT and telecom sectors. (Economic Times)