The Tata Communications stock has doubled so far in 2020, having hit a 52-week high of Rs 935 per share last week.

The company is aiming to transform itself from being a product-based pure network connectivity provider to a capital-light, digital-focused solutions company.

It has also laid out aggressive three-year targets for itself, and is hoping to achieve significant debt reduction, double-digit EBITDA growth and RoCE of 20 percent.

Reema Tendulkar does an analysis.