The stock hit a new high of Rs 264, and was locked at the 5 per cent upper limit. It has zoomed whopping 14,567 per cent from levels of Rs 1.80 in March 2020.
Telecom services provider Tata Teleservices (Maharashtra) zoomed 2,778%, while auto components maker Automotive Stampings & Assembles has surged 2,476% in the past one year.
Gains in some of the stocks in these two segments have been phenomenal. Shares of Brightcom Group, for instance, zoomed over 2,500 per cent in 2021
The Tata Group telecom services stock hit a new high of Rs 129.45, has been nearly doubled or up 97 per cent from level of Rs 65.70 on November 12, 2021
Group made the guarantee in September, before the government offered a four-year moratorium to the company.
Tata Teleservices (Maharashtra) was locked at the 5% upper circuit for a third straight day
The company on Wednesday reported narrowing of losses
Telecom, airline businesses continue to remain a drag for holding company
Tata Teleservices will leverage Zoom's robust and secure platform to address the growing collaboration requirements of Enterprises for seamless unified communications
Telecom operator Tata Teleservices and web-based video conferencing company Zoom on Thursday announced a partnership for unified communications solution for enterprises and individuals.
Will also pay Tata Teleservices AGR dues
A month into the vaccination drive, which has covered more than 8.5 million so far, the health ministry has indicated that Covid-19 vaccines are not likely to be there in the open market anytime soon
March 31 is last date for paying 10% AGR dues as per Supreme Court order on telecom firms
The developments come at a time when the deadline for payment of the first installment of AGR dues is nearing - March 31, 2021.
TTML, the top gainer among the list, has zoomed 192 per cent to Rs 8.62 from Rs 2.95 on the BSE.
Till 10:31 am, a combined 19 million shares, representing 3.8 per cent of the company's total free-float equity, had changed hands on the BSE and NSE
The Tata SuperApp is expected to bring all the group's products as well as services under one platform and enable sales to consumers directly
The company also sought shareholders nod to issue non-convertible debentures of up to Rs 2,500 crore on private placement basis
Tata Teleservices on Thursday said it has partnered with Australian cloud security company FirstWave Cloud Technology to expand its cyber security portfolio.
TTML on Wednesday reported widening of loss to Rs 1,070 crore in the April-June quarter mainly due to a provision of Rs 776.77 crore to clear revenue dues to the government.