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Near-term margin pressures to persist for Tata Communications stock

Near-term margin pressures to persist for Tata Communications stock

Rediff.com28 Jan 2024

Tata Communications has seen analyst upgrades after reporting Q3FY24 results. The biggest factor is the visible signs of a turnaround in its new acquisition, Kaleyra. The consolidated revenue grew 16 per cent Q-o-Q to Rs 5,630 crore led by 15 per cent Q-o-Q improvement in the data segment.