Why did Tata Teleservices fail?
The increasing debt and competition in the Indian telecom sector has claimed another victim – Tata group’s telecom business under Tata Teleservices (TTSL) and TTML, the listed arm offering services in Mumbai and Maharashtra. The price war for data subscribers seems to have been the last straw on TTSL’s back.
What is going on with Tata Teleservices?
Tata Teleservices shares locked in upper circuit as company opts out AGR dues conversion. A meeting of board of directors of the company is scheduled to be held on February 8, 2022, to consider and approve the financial results for the quarter and nine months ended December 31, 2021.
Is TTML good for long term?
Based on our forecasts, a long-term increase is expected, the “TTML” stock price prognosis for 2027-07-02 is 344.081 INR. With a 5-year investment, the revenue is expected to be around +178.72%. Your current $100 investment may be up to $278.72 in 2027.
Is Tata Teleservices a good buy today?
As on 7th Jul 2022 TTML SHARE Price closed @ 123.45 and we RECOMMEND Buy for LONG-TERM with Stoploss of 58.50 & Sell for SHORT-TERM with Stoploss of 129.56 we also expect STOCK to react on Following IMPORTANT LEVELS.
Should I buy Tata Teleservices?
As on 10th Jun 2022 TTML Share Price closed @ 140.50 and we RECOMMEND Buy for LONG-TERM with Stoploss of 109.11 & Sell for SHORT-TERM with Stoploss of 148.06 we also expect STOCK to react on Following IMPORTANT LEVELS.
What is the news about TTML?
Tata Teleservices (Maharashtra) Ltd (TTML) said on Thursday that it will raise Rs 2,500 crore through non-convertible debentures (NCDs) in one or more tranches. With net debt of over Rs 38,000 crore on its books, Tata Power is mulling diluting its non-core investments to reduce the debt burden.
Why is TTML falling?
Fall could be attributed to weak third quarter performance where the company’s October-December quarter loss widened. In Q3FY22, TTML reported a loss of around Rs 302 crore as compared to a loss of Rs 298 crore over the same period a year ago.
Should I buy TTML now?
As on 24th Jun 2022 TTML Share Price closed @ 121.70 and we RECOMMEND Buy for LONG-TERM with Stoploss of 53.95 & Strong Sell for SHORT-TERM with Stoploss of 140.57 we also expect STOCK to react on Following IMPORTANT LEVELS.
Why TTML is increasing?
Since FY2019, the company has been paying interest on debt more than its turnover. Though the company has narrowed its losses in the past year, its debt has increased to 19,700 crore as of September 2021 compared to 17,774 as of March 31, 2021. TTML provides connectivity and communication solutions.