Tata Group Subsidiaries-This Tata Company Returns More Than 1100 %; Shares Worth So Much Now

Tata Group Subsidiaries-This Tata Company Returns More Than 1100 %; Shares Worth So Much Now

Tata Group Subsidiaries-This Tata Company Returns More Than 1100 %; Shares Worth So Much Now-Tata Group companies are known for always giving great returns to their investors. during this episode, another Tata company has been added, whose shareholders have gotten quite 1,100% return in 1 year.

Shares of Tata Teleservices (Maharashtra) Limited closed a year ago at Rs 3.82 on BSE on June 9. On Friday, it reached Rs 46.95 on BSE. during this way, it’s got a record return of 1,129% in its price.
Anyone who would have invested Rs 1 lakh a year ago within the shares of this mid-cap company of Tata, today he will get Rs 11.29 lakh.

Tata Group Subsidiaries-This Tata Company Returns More Than 1100 %; Shares Worth So Much Now

If the performance of Tata Teleservices (Maharashtra) stock is compared with the whole Sensex, then the Sensex has registered a growth of 42.58% during this era . While the stock of the corporate is additionally above the expansion of Sensex by 1,086%.
The share of Tata Teleservices (Maharashtra) has achieved a growth of 489% since the start of 2021. Whereas in only one month the company’s stock has climbed 113%.

Tata Group Subsidiaries-This Tata Company Returns More Than 1100 %; Shares Worth So Much Now

Even though the share of Tata Teleservices (Maharashtra) has had good returns, the company’s loss within the January-March quarter was Rs 288.29 crore. However, its loss on a quarterly basis is continuously coming down. Because within the April-June quarter last year, the company’s loss was Rs 1,069 crore.

Tata Group Subsidiaries-This Tata Company Returns More Than 1100 %; Shares Worth So Much Now

The company’s promoters hold 74.36% stake in Tata Teleservices (Maharashtra). While retail shareholders hold 25.64% shares. the rationale for the corporate ‘s growth being healthy and therefore the losses being low is thanks to the recent Tata Sons taking some important steps regarding the company and giving it a replacement avatar as Tata Tele Business Services (TTBS).

If we compare the return on the share of Tata Teleservices (Maharashtra) with other telecom companies, then the share of Bharti Airtel has fallen by 6.56% which of Vodafone Idea by 5.23% during this period. While the share of Reliance Communication has risen by 42.41% which of MTNL by 90.1%.

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