Business Standard

Tata Teleservices stock hits 5% upper circuit, rises over 1,200% in 1 year

Mumbai-based Tata Teleservices, a subsidiary of the Tata Group, deals in broadband, telecommunications and cloud services

Tata Tele faces winner's curse with aggressive bid

IANS New Delhi
Tata Teleservices
Shares of Tata Teleservices hit the 5 per cent upper circuit on Friday, and it had risen over 1,200 per cent in the past one-year period.
A year ago, shares of the company were at just Rs 13.
At 3.27 p.m. on Friday, it was locked in the upper circuit at Rs 167.
Mumbai-based Tata Teleservices, a subsidiary of the Tata Group, deals in broadband, telecommunications and cloud services.
Notably, the shares of the company hit the 5 per cent upper circuit in several instances in the recent past.
It is important to note that the rise in share prices of the company comes at a time when major Indian telecom operators have raised their prepaid tariffs by around 20 per cent. Also, the country preparing to launch the high-speed 5G network and augmenting the broadband Internet services in all villages are likely to have supported the telecom scrip.
--IANS
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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 25 2022 | 4:46 PM IST

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