TTML Share Price Breaks After Days of High Growth
Tata Teleservices (Maharashtra) Limited, also known as TTML, saw a break in its share price after days of consecutive growth. On Friday, the stock closed at ₹77.88, marking a 1.43% decline. Over the past three months, TTML has delivered returns of 32.65%, outperforming the BSE index. In the past month alone, the stock has surged by 25% and over a 15-day period, it has returned 20%.
TTML’s Share Placed Under ASM Framework
The Bombay Stock Exchange (BSE) has placed TTML’s share under the Additional Surveillance Measure (ASM) framework, a form of monitoring that is usually implemented when there are significant fluctuations in a stock. The objective of this measure is to increase market confidence and protect investor interests. The ASM framework does not affect corporate actions such as bonus, dividend, and stock split, and shareholders of ASM stock can still benefit from these actions. TTML’s 52-week high price on NSE is ₹149, and its 52-week low price is ₹49.65.
BSE Raises Query Over TTML’s Share
On June 13, 2023, the BSE had sought clarification from TTML regarding its share price surge. In response, the company stated that it has always promptly informed the exchange about any event or information. The company will continue to share any new developments or information at this level.
TTML’s Q3 Results
During the third quarter of the financial year 2021-22, TTML reported revenues of ₹280 crore and a net loss of ₹277 crore from January to March. The company’s revenue is expected to be ₹1,106.17 crore, and the net loss is expected to be ₹1,144 crore in the financial year 2022-23.
In conclusion, TTML’s share price saw a decline after days of high growth, and the BSE placed it under the ASM framework. The company responded to the BSE’s query by stating that it has always informed the exchange about any event or information. TTML’s Q3 results showed revenues of ₹280 crore and a net loss of ₹277 crore.
Follow DelhiBreakings on Google News
Superfast News Coverage by DelhiBreakings.com team.
For Superfast national news and Delhi Breaking Stories visit us daily at https://delhibreakings.com
