Tata Group Telecom Services Share Has Zoomed Over 1000 Percent In Last One Year Know The Reason

Share Market: The share of Tata Group’s company TTML i.e. Tata Teleservices (Maharashtra) Limited (TTML Share) has seen a tremendous rise for the third consecutive day. In the midst of this boom, an upper circuit of 5 percent is also engaged in the stock. Market experts say that the stock has given more than 1000 percent returns in a year. The uptrend may continue in the coming days. However, some profit-booking from the current levels cannot be ruled out.

this is business

TTML is a subsidiary of Tata Teleservices. This company is the market leader in its field. The company provides voice, data services. There are many big names in the list of the company’s customers.

12 How did thousand become 1 Lakh

On 17 November 2020, the price of one share of TTML was Rs 9. If someone had invested 12 thousand rupees in the share at that time, then they would have got about 1334 shares. In this sense, on November 17, 2021, the value of those shares has become Rs 1.01 lakh.

reason for the acceleration

Stock market experts say that last month the company has started smart internet based service for companies. It is getting tremendous response because companies are getting cloud best security services and optimized control with fast internet. At the same time, the company’s income is continuously increasing. At the same time, the deficit is continuously decreasing. In the first 6 months of the current financial year, the company’s loss has come down to Rs 632 crore from Rs 1410 crore.

The good thing for the company is that its promoters have the highest stake. Tata Sons holds 74.36 percent stake in the company. At the same time, retail investors hold 25.64 per cent. Tata Sons also has big planning regarding the company. Tata Sons can launch the company as Tata Tele Business Services (TTBS). So the future of the company is good.

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