TTML Share Price | Rocket rise in TTML stock, race to buy stock, multibagger stock in focus – NSE: TTML
TTML Share Price | A big rise was seen in Tata Teleservices Limited Company shares on Tuesday. (NSE: TTML)On Tuesday, TTML shares rose 13 percent intraday to Rs 78.11. On Tuesday, November 26, TTML share was trading 11.15 percent higher at Rs 76.75. (TTML Company excerpt)
The stock of Tata Teleservices Limited Company had a 52-week high of Rs 111.40 and a 52-week low of Rs 65.05. The total market capitalization of Tata Teleservices Limited is Rs 15,008 crore. On Wednesday (27 November 2024), the stock was trading 3.12% higher at Rs 83.7.
Due to stock rise
The main reason for the rise of TTML company share is an announcement from the central government. TTML shares gained momentum after the Union Cabinet took an important decision related to bank guarantees of telecom companies. The Union Cabinet has given a big financial relief to telecom companies by waiving off the outstanding bank guarantees for purchase of spectrum till 2022. Meanwhile, the Department of Telecommunications of the Central Government has agreed to waive the bank guarantee for purchase of spectrum for telecom operators. Apart from this, a major factor in the rise in share price of Tata Teleservices Limited Company is the overall positive sentiment in the telecom sector. Experts said that with the increase in demand for digital services abroad, investors are becoming more and more optimistic about the future growth prospects of telecom companies.
The stock gave 2,692% return
TTML stock has given 8.20% return in the last month. The stock has returned 0.92% in the last six months. The stock has declined 12.93% in the last year. TTML share has given a return of 2,692.73% in the last five years. TTML stock has given 946.32% returns to long term investors. However, the stock is down 15.97% on a YTD basis.
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