Tata Communications Ltd., - A weekly Pic

CMP                         :        Rs 907

TARGET                    :        Rs 975

STOP LOSS               :         Rs 850

DURATION                :        1 WEEK

About Tata Communications Ltd:

Tata Communications Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 25856.63 Crore) operating in Telecommunications sector.

Tata Communications Ltd. key Products/Revenue Segments include Telecommunication Services which contributed Rs 5750.33 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2020.

For the quarter ended 30-06-2020, the company has reported a Consolidated sales of Rs 4402.94 Crore, up .11 % from last quarter Sales of Rs 4397.89 Crore and up 5.62 % from last year same quarter Sales of Rs 4168.62 Crore Company has reported net profit after tax of Rs 258.58 Crore in latest quarter.

Technical Analysis:

1. Stock is trading in clear uptrend on every time frame as stock inching higher by forming higher top higher bottom formation also its trading in ascending channel pattern. 

2. Stock given multiple breakouts on multiple time frame, on daily chart stock given bullish flag pattern breakout and on hourly chart it has given range breakout with good volume. 

3. Both momentum indicator RSI and MACD are trading in bullish territory.

Recommendations: Buy for short term gains of a week.

Note: The analysis is based on the information received from the company fundamentals and its technical trends. Investing in securities always depending upon the market conditions and risk. 

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