The Tata Group stock hit a 52-week high of Rs 291.05 on January 11, 2022. The name of this share is Tata Teleservices (Maharashtra) Limited i.e. (TTML). Currently, TTML share has fallen below Rs 100 to Rs 99.25. Tata Teleservices (Maharashtra) Ltd has declined 2.84% in the past one month compared to a 4.21% gain in the S&P BSE Telecom Index and a 3.07% gain in the Sensex.
Shares have fallen 54% this year YTD
Shares of Tata Teleservices have tumbled up to 54% this year YTD. Meanwhile, the share has fallen from Rs 216 to Rs 99.25. That means the investment of one lakh has reduced to only 45 thousand. At the same time, an investment of Rs 1 lakh fell to around Rs 33 thousand at a 52-week high of Rs 291.05. Apart from this, the stock has fallen by almost 5% in the last five days. At the same time, the stock has gained about 18% in a year. Tata Teleservices is a large cap company of the Tata Group.
What is the business of the company?
TTML is a subsidiary of Tata Teleservices, a market leader in its segment. The company provides voice, data services. The company’s client list includes many big names. According to market experts, the company has launched Smart Internet based services for companies last month. It is also getting a huge response as companies get cloud based security services and optimized control with high speed internet.
(Note: Here is information about stock performance only, not investment advice. Consult your advisor before investing in stock market.)