Those who invested money in the shares of this Tata Group company were being pauped for many days, today they became rich

 

For the past several days, the shares of Tata Group's company TTML were pauperizing its investors. The situation was made worse by the ongoing fierce war in Russia-Ukraine. This morning, the shares of TTML had fallen from its all-time high of Rs 290.15 to Rs 106.40, but it bounced back in the afternoon and it has reached Rs 117.60 with upper circuit. Earlier, this stock had lost 64 percent from its all-time high. Today i.e. Monday morning it was on the 5 percent lower circuit.

In spite of the decrease of the decreased old investors, this year despite the decline so far, this telecom share has given a return of 189 percent in the last 6 months. Now the company continues to decline after the timi result. In the last 5 days, it has damaged 24.15 percent to its investors. If talking about this year, it has been broken up to 110.25 percent so far.

Let us tell you that ever since the news of the company having a net loss of Rs 302 crore in the third quarter ended December 2021, it was facing lower circuit every day. There was a loss of 298 crores in the year-ago quarter. It has lost more than 11 per cent in the last 5 sessions. Let us tell you that on January 10, it had reached Rs 290.15.

 Let us tell you that on January 11, the stock of TTML closed at its all-time high of Rs 290.15. Still, those who would have invested one lakh rupees in it a year ago, their money would still have exceeded 791000 rupees. A year ago the price of this share was Rs 16.50.

Actually a few months ago Tata Teleservices Ltd. (TTSL) scrapped its plan to convert interest on adjusted gross revenue (AGR) dues into equity. Earlier, Tata Teleservices had decided to convert the interest dues of Rs 850 crore to be paid to the government into equity, which is equivalent to 9.5 per cent stake in the company. After the company announced the cancellation of this plan, since then TTML was having upper circuits every day. After the results of the company, once again the phase of the lower circuit started and now the condition of this stock is slim in the Russo-Ukraine war.

 What does TTML do?

 TTML is a subsidiary of Tata Teleservices. This company is the market leader in its segment. The company provides voice, data services. The company has many big names in its list of customers. According to market experts, last month the company has started smart internet based service for companies. It is getting tremendous response, as companies are getting cloud based security services with fast internet and optimized control. Its biggest feature is cloud based security, which will keep the data safe. Businesses that are running on a digital basis, this lease line will be of great help. In this, security from all types of cyber frauds has been in-built, along with fast internet facility is being provided.

 (Disclaimer: The performance information provided here is not just investment advice. Investing in the stock market is subject to risks and please consult your advisor before investing.)