Shares of Tata Group’s Tata Teleservices Maharashtra Ltd (TTML) rose more than 8 percent in market opening on Monday morning. The stock was priced at Rs 65 when the market opened that day. That day the price increased to 71 rupees. It is intraday high on Monday. At 11 am 40 the stock stood at Rs 70.80. Which is 6.63 percent more.
Looking at this stock over the last one year, it is seen that the stock has moved down 17.35 percent in the last one month. The stock has fallen nearly 33 percent over the past six months and is down more than 52 percent over the past year. But the bullish sentiment in the stock on Monday goes without saying.
Shares of TTML hit a 52-week high of Rs 210.40. On the other hand, the lowest share price in the last 52 weeks was seen at Rs 64.70.
This company of Tatas is a telecommunication company. Headquartered in Mumbai, the company is primarily a provider of broadband, telecommunications, and cloud services. Ratan Tata himself founded this company in 1996.
However, the share market today is in the red zone. Sensex is at 60,339 points. By 12 noon, the Sensex was down around 333 points. On the other hand, the Nifty 50 fell to 17,751 points at 12 noon. The index has dropped 104 points since this morning.