Wednesday, August 19, 2020

What is going in the Reliance Communication Share Price | RCOM | Technical and Fundamental

Reliance Communication ( RCOM )

RCOM Profile

➧➦Reliance Communications has established a pan-India, next generation, digital network that is capable of supporting best-of-class services spanning the entire communications value chain.
 ➦RCOM owns and operate the worlds largest next generation IP enabled connectivity infrastructure, comprising of fibre optic cable systems in India and globally.

RCOM  recent PRO

➦Growth in Net Profit with increasing Profit Margin (QoQ)
➥Increasing profits every quarter for the past 2 quarters
➨Company with Zero Promoter Pledge

➤Companies with 10% increase in share price over three months, with rising net profit growth

RCOM recent Cons

➧Red Flags: Firms linked to ongoing regulatory investigations/legal cases
➦Company with negative growth and promoters decreasing shareholding
➤Declining profitability: Falling ROCE
➽Declining Revenue every quarter for the past 4 quarters

RCOM on Technical Chart

RCOM stock after taking support at 2.20 rebounds again in upward direction. In the upper side recent resistance at 3.40 level. If RCOM breaks 3.40 level then fresh upper levels in the price can be seen.

RCOM recent quarter numbers

Net Profit recovering on qoq basis but operating profit margin is worsening on qoq basis.


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