Recently prices have registered a breakout of the 1.5-month-old congestion area, thus offering fresh entry opportunity. Tirthankar Das, Head of Technical Research, Ashika said, 'FMCG sector continues with its outperformance as the NSE FMCG index continues to form higher peak and higher trough in all time frame and in that space, ITC remains a clear outperformer. The rally in the stock can be attributed to better-than-expected demand recovery and a healthy margin outlook in cigarettes, healthy sales momentum in the FMCG business, lower drag from the hotels business, and better capital allocation in recent years. They hit a record high of Rs 353 on July 3, 2017. The shares of the diversified conglomerate have more-than-doubled (117 per cent) from their March 2020 low of Rs 134.95. Zoom is 100% reliant on the smooth functioning of all its digital offerings, and blackouts in even one can seriously disrupt users and perhaps even lead to migration to rival online video conferencing/phone service providers.The large-cap stock, which is regarded among the safest bets of Dalal Street, has shed its defensive tag in a volatile market and emerged as a winner. Similarly operational, according to that page, was the company's foundational Zoom Meetings service.Īlthough all seems to be back to normal, the investor reaction to the outages is understandable. Zoom hasn't yet commented in more detail about the incident.Īs of late afternoon Friday, the specialty tech company's status page indicated 'all systems operational,' including Zoom Phone for all listed regions. The article also stated that Zoom posted on its status dashboard that its Zoom Phone telephony feature was experiencing degraded operability. Reuters cited statistics compiled by tracking site indicating that nearly 10,000 such incidents occurred that day. So whatĪccording to numerous media reports, Zoom's audio-streaming platform suffered a spate of outages on Thursday. But that's what happens when your service goes dark for thousands of users.

Bellwether teleconferencing stock Zoom Video Communications ( ZM 7.41%) was a stinker of a stock on Friday, sagging more than 2% in price against the 1.4% rise of the S&P 500 index.

Why zoom stock is down today