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Analysts Raise MTN Nigeria's Profit Expectation, Target Price

WSTC Securities analysts have raised MTN Nigeria Plc.’s profit expectation and a target price (TP) upgrade to N200 per share after a beautiful earnings outing in the first quarter (Q1) of 2021. In Q1-2021, MTN Nigeria Plc. increased its 4G coverage to 62%. This resulted in increased earnings from its data business as Nigerians delve into over-the-top calls with Whatsapp, Skype, etc. The financial performance showed the Group reported a 17% year-on-year revenue growth from N329.17 billion i...
Group Risk Bond Issuance Programme Intercellular Nigeria Nigeria Plc National Identity Number Profit Expectation

Q4 Earnings Preview: Another bumper quarter for Tata Steel as sales may grow 24% YoY

MUMBAI: Tata Steel is set to report another stellar set of numbers for March quarter on Wednesday, and analysts expect the company’s revenues to jump 24 per cent on a year-on-year basis to Rs 41,868 crore. A strong topline performance and a series of price hikes taken during the quarter are expected to boost the company’s operating performance during the quarter, analysts said. Tata Steel’s operating profit is likely to soar 239 per cent year on year to Rs 12,401.70 crore. Tata Steel’s...
Tata Steel Kotak Institutional Equities Q4 Earnings Preview March Quarter Tata Steel Shares Operating Profit

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