TTML Share: On Friday, there was a sharp rise in the shares of Tata Group company Tata Teleservices (Maharashtra). Shares of the company rose by 14 percent to reach an intra-day high of Rs 111.48. However, the company’s shares closed at Rs 102.11 during market hours on BSE.
Tata’s shares reached the highest level in 20 months
Shares of Tata Teleservices (Maharashtra) Limited had reached a 20-month high today. This is the highest level of the company’s shares after 2022. Talking about the last 2 trading days, the company’s share prices have seen a rise of 37 percent during this period. On July 11, the company’s shares were at the level of Rs 74.97. Since then, the company’s share prices have seen an increase of 50 percent. That means TTML shares have seen an increase of 50 percent in 5 trading days. Let us tell you, Tata Teleservices services are provided in 60 cities of the country.
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Shares rose 57% from 52 week low level
Tata Teleservices Limited’s 52 week high is Rs 111.48. Whereas the 52 week low level of the company is Rs 65.29 per share. This share of Tata has been successful in achieving a rise of 57 percent from its 52 week low level. The market cap of the company is Rs 19,961.77 crore.
The total stake held by the promoters in this Tata Group company is 74.36 percent. The total public holding is 23.19 percent. The stake of foreign investors is 2.38 percent.
Increase in company’s earnings
The total revenue of the company in the March quarter was Rs 324.90 crore. Which is more than December 2023. The total income of the company then was Rs 288.60 crore. However, the company suffered a loss of Rs 309.30 crore during the March quarter.
