Stock of Interest

Posted On: September 29, 2023

Stock Report: TATACOMM(NSE) 28 Sep 2023

Tata Communications Ltd is the primary provider of international and national voice and data transmission long-distance services, internet dial-up and broadband services and other value-added services. Since the deregulation of the Indian market, the company has diversified its businesses through acquisitions and entering new markets. Following the acquisition of Tyco’s and Teleglobe’s networks, Tata has become a major global voice and data carrier.

#xCalData predicts that # TATACOMM will continue its bullish phase over the next five days and trend within the range of 1839 to 1947. 

In comparison to the previous month, the price of the stock has experienced an increase of 5.14% indicating a bullish.

The Stock has doubled twice since 24 Aug 2015 and took an average of 3.0 years to double.

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely MFI indicate Bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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