Tata shares shock investors; Stock falls over 64%, 1 lakh remains only… – share market update ttml share tata’s this multi-bagger stock falls to rs 102.55
Earlier this year, the situation was different. The Tata Group stock hit a 52-week high of Rs 291.05 on January 11, 2022. The name of the share is Tata Teleservices (Maharashtra) Limited i.e. (TTML). Currently, the share price of TTML has fallen to Rs 102.55. As a result, long-term investors are currently under pressure due to the sharp drop in the company’s shares.
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Share price history
According to data available on BSE, TTML shares have been in continuous losses for the past few months. Additionally, 3/6 TTML shares have been falling over the past few months, with the company’s stock down 4% in the past one month, while the stock has fallen nearly 53% this year YTD. However, the stock has also gained 53 percent in one year and during this period the stock has fallen from Rs 216 to Rs 102.
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TTML is a large cap company with a market cap of Rs 20,096.66 crore. Meanwhile, if an investor had invested Rs 1 lakh in this Tata Group stock in January this year, the amount would have fallen to just Rs 47 thousand.
Business of the company
TTML is a subsidiary of Tata Teleservices. The company is a market leader in its segment and 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 getting huge response as companies get cloud based security services with fast internet and optimized control.
