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HATHWAY CABLE & DATACOMHATHWAY CABLE & DATACOMHATHWAY CABLE & DATACOM

HATHWAY CABLE & DATACOM

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HATHWAY trade ideas

Hathway CablesFundamentals: 1. Decent financials with an increasing net profit every year. 2. Zero debt company. 3. Total promoter holding is 86.61% of mich majority shareholder with more than 50% stake is from Reliance industries. 4. Hathway has proved to be of great help to Reliance jio and I personally believe that it will continue to do so and that's why I feel there's a lot of potential in this company. Technicals: 1. Crossover spotted in the hourly time frame. 2. Morning star pattern spotted in the hourly time frame at closing. 3. Trying to breach its strong resistance from 2011 which is at 26. If it manages to give a breakout with good volumes, we can easily expect a 30+ mark in the medium term.
NSE:HATHWAY
by aadibihani0
keep it for longReliance Jio announced plans to construct the largest international submarine cable system centred on India with global partners and submarine cable supplier Subcom to cater to increased data demand. The submarine cable networks are used to connect several countries for flow of internet and telecom services. The two submarine cable systems which the company plans to deploy will connect India with Asia Pacific markets through Singapore, Thailand and Malaysia and the other one with Italy, middle and north Africa region. Reliance Jio President Mr. Mathew Oommen has revealed that in order to meet the demands of Streaming Video, Remote Workforce, 5G, IoT, and beyond, Jio is taking a leadership role in the construction of the first of its kind, India-centric IAX and NSE 1.49 % subsea systems. "Implementing these critical initiatives in the shadow of a global pandemic is a challenge, but the ongoing pandemic has only accelerated the digital transformation and the necessity of high-performance global connectivity for the delivery of a richer experience to enterprises and consumers," Oommen said. These high capacity and high-speed systems will provide more than 200 Tbps (terabits per second) of capacity spanning over 16,000 kilometres, according to the statement. The IAX system that will connect India from Mumbai from Mumbai and Chennai to Thailand, Malaysia, and is expected to be ready for service by mid-2023 and the IEX system that will extend India's connectivity to Italy, landing in Savona, and additional landings in the middle East and North Africa is expected to be ready for service in early 2024. "Apart from the seamless connection of the IAX and IEX sub-sea systems, the two systems are also connected to the Reliance Jio Global Fibre Network beyond Asia Pacific and Europe, connecting to both the east and west coast of the USA," the statement said.
NSE:HATHWAYLong
by Tradernawab