Skip to main content

This sluggish Tata share suddenly turned into a rocket, reaching ₹92 in value, company stuck in legal tangle

This sluggish Tata share suddenly turned into a rocket, reaching ₹92 in value, company stuck in legal tangle

Tata Group Stock

Tata Group Stock: 

Tata Teleservices (Maharashtra) Limited, also known as TTML shares, witnessed a surge of nearly 10% in its share price on Monday. The company's shares rose by 9.64% in intraday trading, reaching ₹92.60. It's worth mentioning that this once high-performing share has plummeted by approximately 68% from its all-time high of around ₹291. The 52-week high price for this share is ₹149, and the 52-week low price is ₹49.80. The company had touched this low on March 29, 2023.

Share Price History

According to data available on BSE, TTML shares have been continuously incurring losses over the past year. It has seen a decline of 0.87% in Year-to-Date (YTD) performance this year. However, in the last month, it has surged by 15.04%. This share of the Tata Group reached its all-time high of ₹291.05 on January 11, 2022. Currently, the share is down by 68% from its all-time high.

Ongoing Company Lawsuit

Tata Teleservices Maharashtra Limited (TTML) is facing claims totaling ₹615.41 crore (approximately $82.5 million) in various courts across the country. These include a penalty of ₹265.15 crore ($35.5 million) in a prolonged case with the Department of Telecommunications (DoT), penalties of ₹156.10 crore ($20.9 million) and ₹91.59 crore ($12.3 million) for several pending cases with Bharat Sanchar Nigam Limited (BSNL), and penalties in crores of rupees for multiple pending cases against the Goods and Services Tax (GST) department.

Company Business Overview

TTML, a subsidiary of Tata Teleservices, is a market leader in its segment. The company provides voice and data services and has a list of prominent clients. According to information provided on the Bombay Stock Exchange (BSE), TTML's revenue stood at ₹285.51 crore ($38.3 million) for the quarter ending in June. However, the company reported a net loss of ₹301.18 crore ($40.3 million). There has been a marginal improvement in net loss compared to the same period a year ago. For the financial year 2022-23, the company's revenue was ₹1,106.17 crore ($148 million), and it reported a net loss of ₹1,144 crore ($153 million).


Popular Posts

Breaking News: Major Scientific Discovery Unveiled! Sasta Safar Real or Fake?

Sasta Safar: Real or Fake? In the world of travel, the concept of finding a "Sasta Safar," which translates to a budget-friendly journey, has gained significant attention. With the promise of deeply discounted trips and experiences, it's natural for travelers to wonder if Sasta Safar is real or just another online scam. In this article, we will dive deep into the phenomenon of Sasta Safar to uncover its authenticity and explore whether it's a viable option for the budget-conscious traveler. Sasta Safar Real or Fake? Contents Understanding Sasta Safar What is "Sasta Safar"? Sasta Safar, which roughly translates to "cheap journey" in English, is a term used to describe budget travel options and deals available through various online platforms. These platforms claim to provide travelers with affordable alternatives for accommodations, flights, tours, and more. The goal is to make travel accessible to a broader audience by offering signif

Tiger 3 Trailer: Salman Khan and Katrina Kaif Bring Goosebumps, Emraan Hashmi Shines as the Villain

The highly-anticipated trailer of Salman Khan's latest venture, "Tiger 3," has been officially unveiled.  As an integral part of Yash Raj Films' acclaimed spy-universe, this movie marks the third installment in the revered Tiger franchise. The trailer launch took place on the 16th of October at noon. Salman Khan's Tiger 3 Trailer Unveils a Stunning Surprise: The Mystery Villain Revealed! The trailer kicks off by introducing Revathy, who appears to be stepping into the shoes of the late Girish Karnad, who previously portrayed the RAW boss that Tiger reported to. The narrative commences with a glimpse of Tiger, portrayed by Salman Khan, leading a contented family life with his wife, played by Katrina Kaif, and their son. However, the villain's ominous voiceover unequivocally signals that he is determined to make Tiger's life a living nightmare. Tiger 3 Trailer Unveiled: Emraan Hashmi's Unrecognizable Transformation Stuns Fans! But the true surprise comes

Panda Glass vs Gorilla Glass: In-Depth Comparison for India

Panda Glass vs Gorilla Glass: In-Depth Comparison for India As a professional copywriting journalist, I have extensively researched and analyzed the two most popular types of  smartphone  screen protection -  Panda Glass  and  Gorilla Glass , to provide an in-depth  comparison  on their suitability for India's  climate  and  smartphone usage . Key Takeaways Panda Glass  and  Gorilla Glass  are the most popular types of  smartphone  screen protection in the market. This article provides an in-depth  comparison  between  Panda Glass  and  Gorilla Glass , with specific focus on their suitability for India's  climate  and  smartphone usage . The article covers the  features ,  strengths , and  advantages  of both glass types, as well as their performance in  smartphone usage ,  availability , and  pricing  in  India . The ultimate goal of this article is to help consumers make an informed decision on which glass type is better suited for their needs. Stay tuned for an informative a