Tata Commn betting big on Internet of Things, to spend USD 100 mln in 2-3 yrs

Tata Communications Ltd is set to invest about USD 100 mln in the Internet of Things (IoT), a digital space the company is betting big on in coming years. The company has already rolled out its dedicated Internet-of-Things network in 38 cities across the country, together with a platform to manage the services that supports very low power consumption, said the Sr. V.P & Head, Tata Communications, Mr. VS Shridhar.

The company will also expand its LoRa network in India by 2018, Shridhar said. LoRa network is a low power wide area network, a powerful tool for mapping smart city applications and urban planning at a low bit rate.

Tata Communications focus on the enterprise biz, mostly in the B2B domain, and will be leveraging on first-mover advantage in building high networks and synchronizing with robust platforms with global leaders, it added.

Stocks of Tata Communications Limited were up 1.22% to Rs 689.00 on closing hours on NSE on Friday.

HEG Technical Research Calls for Positional Investment ( 28 Aug 2017)

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in HEG.

“HEG is the stock which I would advocate traders to buy this stock in a range of 604-606 with a price target of 622 and stop loss placed below 584.

We believe the benefit of increased prices will flow in by H2FY18 and FY19E. We expect HEG to capitalize on the favourable demand supply dynamics and report robust earnings growth led by volume increase and improved pricing. Further, on account of higher operating leverage, EBITDA margins are likely to increase sharply from current levels.

HEG were closed 13.74 per cent up today at Rs 595.30 on NSE.