Espresso Shot of the Day - TATA COMMUNICATIONS LTD up by 5.92 percent

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Espresso Shot of the Day - TATA COMMUNICATIONS LTD up by 5.92 percent

January 05, 2022
 Espresso Shot of the Day - TATA COMMUNICATIONS LTD up by 5.92 percent

TATA COMMUNICATIONS LTD 1504.75  (+5.92%) BSE – INE151A01013 | Jan 5, 2022



The Company enables the digital transformation of enterprises globally, including 300 of the Fortune 500 – unlocking opportunities for businesses by enabling borderless growth, boosting product innovation and customer experience, improving productivity and efficiency, building agility, and managing risk. With its solutions-orientated approach, proven managed service capabilities and cutting-edge infrastructure, Tata Communications drives the next level of intelligence powered by the cloud, mobility, Internet of Things (IoT), collaboration, security and network services. Tata Communications carries around 30% of the world’s internet routes and connects businesses to 80% of the world’s cloud giants and 4 out of 5 mobile subscribers.


Recent Drivers

  • Tata Communications and Zain KSA have entered into a strategic engagement to fuel digital transformation journeys of enterprises and government organizations in the Kingdom of Saudi Arabia (KSA).
  • The company announced the launch of Tata Communications GlobalRapide, an end-to-end managed unified communication as a service. With this new service, it becomes a one-stop shop to address all digital-first, cloud-first unified communications requirements of global businesses.
  • The company posted a 10.6% increase in consolidated net profit to Rs.425.38 crore in Q2 FY22 as compared to Rs.384.48 crore posted in Q2 FY21.
  • On Oct 4, Tata Comm. and Cisco expand global strategic partnership to offer a world-class suite of next-generation cloud-managed Wi-Fi services based on the latest Wi-Fi 6 technology and SD-WAN (Software-Defined Wide Area Network) services across various industries.
 (Sources: Business Standard)


Technical Force*

  • S&P BSE 200 month till date gain up by 2.78%
  • Traded on All Time high value 1542.00
  • 3 months avg. NSE volume: 5.18,937
  • Quantity traded: 93.575 | Deliverable quantity: 29,888 (31.94%)
  • Stock price has jumped more than 60% from one-year-low level: 930.05 (Feb 24, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 1542.00 | 52-week-low: 930.05


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

2303.78

1921.87

1693.88

1311.97

1083.98

702.07

474.08

    -

Fibonacci Pivot

1921.87

1688.88

1544.95

1452.24

1311.97

1171.69

1078.98

935.05

702.07


Today’s Close

1504.75

SMA

BSE

10 DAY

1414.79

20 DAY

1400.97

50 DAY

1327.61

200 DAY

1293.60


Some Key Ratios (Source: BSE)

Market Cap:  42,885.38 Crores

PE: 43.96

OPM%: 35.95

ROE%: 10.58

Promoters holding%: 58.86

Prev. Close: 1420.65



Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.