Tata Teleservices slips 1.5% on higher losses

Image
BS Reporter Mumbai
Last Updated : Jan 20 2013 | 8:47 PM IST

The stock finally ended the day at Rs 23, down 1.5%.  The counter witnessed trades of 504,590 shares on the BSE throughout the day.
_______________________________________________________
Updated at 1014

Tata Teleservices declined 1.7% after announcing it's FY09 results yesterday.

The stock opened down 1.3% at Rs 23.30 and after a brief rise to Rs 23.50, fell to its current trading price of Rs 23.20. Around 43,492 shares have changed hands at the BSE so far.

Tata Teleservices announced to the BSE that the net loss has widened to Rs 159.60 crore for the year ended March 2009 from Rs 125.73 crore for the year ended March 2008. The total income, however, increased 15% to Rs 2053.96 crore this fiscal from Rs 1789.60 crore last fiscal.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 12 2009 | 3:58 PM IST

Next Story