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



www.finvestonline.com


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

finvestonline.com

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





Disclaimer-

In NO WAY should be considered as a tip as it is based on past data. We strongly recommend to use these signals for information only and seek to advise from a certified professional for any trading decision.www.finvestonline.com is not a SEBI registered Investment Adviser or Research Analyst.Each user shall be responsible for the risks of their own investment activities and, in no event, shall www.finvestonline.com be liable for any losses or damages, monetary or otherwise, that result from actions taken after reading the contents of reports, reviews and analysis published on the www.finvestonline.com. www.finvestonline.com recommends that anyone trading securities should do so with caution and consult with a broker and financial advisor before doing so, as stock market has a high degree of volatility and risk.

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