On January 11, the stock hit an all-time high of Rs 290.15. After this, the process of decline started, after which the share price fell to Rs 93.55 on March 8. But this Wednesday TTML shares saw a rally and the price touched Rs 91.65 with an upper circuit of around 5 percent and now on Thursday also touched Rs 95.60 with an upper circuit. On October 9, 2020, the stock price was just Rs.
Down from 52-week high
At one point its investment stock is currently down about 68.51% from its 52-week high. The Tata Group stock hit a 52-week high of Rs 291.05 this year on January 11, 2022. Thus now the share price has decreased by 68.51 percent. Talking about Tata group stock performance, TTML has given negative return of 48.61 percent in last one year. Also if we talk about 5, its return has been around 1,330 percent.
Share price history
According to data available on the Mumbai Stock Exchange, shares of Tata Teleservices have been in continuous losses this year. Since the company’s stock has fallen nearly 57.70% this year YTD, the share price has fallen from Rs 216 to the current share price. That is, this share fell by 48.60% in one year. This Tata group company is a large cap company with a market cap of Rs 17,916 crore.
What is the business of the company?
TTML is a subsidiary of Tata Teleservices and is the market leader in its segment. The company provides voice, data services. The company’s client list includes many big names. According to market insiders, the company’s launch of Smart Internet based services for companies this year has received overwhelming response.
(Note: Only stock performance information is provided here and should not be considered as investment advice. Investing in stock market is subject to risk and consult your advisor before investing.)