Tata Teleservices Ltd., a Tata Group company. (TTML) shares are now flying again. The stock has been trading continuously along the upper circuit for the last 4 sessions after falling from Rs 290.15 to Rs 93.40. Let us tell you that the shares of TTML were constantly pauping the investors. Its buyers were not being found and today no one is ready to sell. As soon as the market opened on Monday, the stock of TTML has reached Rs 113.65 with an upper circuit of 5 percent.
The stock of this telecom company has given a profit of Rs 78.10 i.e. 219.69 percent return on every share in the last 6 months. However, in the last 1 month, this stock has caused a loss of 22 percent to its investors. If we talk about this year, then it has broken up to 47.54 percent so far. However, whoever has put money in it a year ago, he is still in profit of 652.65 percent. The share price of TTML as on 15 March 2021 was Rs 15.10 and today
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Tell Tata Teleservices Ltd. (TTML)’s decision to convert interest related to adjusted gross revenue (AGR) dues into equity, the stock fell sharply. After this the company canceled its decision, then the stock jumped for a few days, but after the news of the company having a net loss of Rs 302 crore in the third quarter ended December 2021, it started getting lower circuit every day. There was a loss of 298 crores in the year-ago quarter. Let us tell you that on January 11, the stock of TTML closed at its all-time high of Rs 290.15.
What does TTML do?
TTML is a subsidiary of Tata Teleservices. This company is the market leader in its segment. The company provides voice, data services. There are many big names in the list of the company’s customers. According to market experts, last month the company has started smart internet based service for companies. It is getting tremendous response, as companies are getting cloud based security services with fast internet and optimized control. Its biggest feature is cloud based security, so that the data can be kept safe. Businesses that are running on a digital basis will get a lot of help from this lease line. In this, security from all types of cyber frauds has been in-built, along with fast internet facility is being provided.
Disclaimer: Only the performance information is given here. This is not investment advice. Investing in the stock market is subject to risks and please consult your advisor before investing.