Sunday , November 24 2024

TATA's dormant stock woke up, rose 50% in 5 days, price still below 110


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TTML Share: Shares of Tata Group company Tata Teleservices (Maharashtra) witnessed a strong rally on Friday. The company's stock rose 14 percent to an intra-day high of Rs 111.48. But at the time of market closing on BSE, the company's stock closed at Rs 102.11.

Tata shares reach 20-month high
Shares of Tata Teleservices (Maharashtra) Limited today reached a 20-month high. This is the highest level of the company's shares since 2022. Talking about the last two trading days, the company's share price has seen a rise of 37 percent. On July 11, the company's share was at Rs 74.97. Since then, the company's stock has seen an increase of 50 percent. That is, in 5 trading days, TTML shares have seen an increase of 50 percent. The special thing is that the service of Tata Teleservices has been made available in 60 cities of the country.

The 52-week high of Tata Teleservices Limited is Rs 111.48. While the 52-week low of the company is Rs 65.29 per share. This Tata stock has managed to gain 57 percent from its 52-week low. The market cap of the company is Rs 19961.77 crore.

The total share of promoters in this Tata Group company is 74.36 percent. The total public share is 23.19 percent. The share of foreign investors is 2.38 percent.

Increase in company earnings
The total revenue of the company in the March quarter was Rs 324.90 crore. Which is more than December 2023. Then the total income of the company was Rs 288.60 crore. But during the March quarter, the company suffered a loss of Rs 309.30 crore.