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HSBC downgrades Tata Comm to hold from buy

HSBC downgrades Tata Comm to hold from buy

Monday, March 13, 2017, 6:23 PM

HSBC has downgraded shares of Tata Communications to 'hold' from 'buy' as asset sale is already in the price after the 46% rise in the stock over the last six months. More upside would depend on better execution on data business and this would be more medium than near term, said HSBC.
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