IndiaThis share of TATA Group is causing loss, fell...

This share of TATA Group is causing loss, fell by more than Rs 40, know what is the reason


- Advertisment -spot_img

The shares of Tata Group’s subsidiary company TTML have been falling continuously for the past few days. This is the same stock, which has made people very rich. However, now he seems to be doing the same pauper. Let us tell you that in the last three days, this stock has fallen by more than Rs 40. Now its price has gone from Rs 290.15 to Rs 248.85 now. TTML is a subsidiary of Tata Teleservices.

According to the report, it closed at 290.15 on the first day of the week and after three days it has declined significantly. Let us tell you that this stock had given a bumper return of 2830 percent in one year. If seen at the end of December itself, since then it has gained a lot of momentum, but recently it has broken around Rs 42.

Late last year it was hitting the upper circuit almost everyday. It closed at Rs 154.10 on 23 December and reached Rs 290.15 on 10 January this year. In the meantime, people have benefited a lot from it. According to the report, investors have got a return of 188 percent from this.

The question here is, why is the stock giving so much profit going down? To this, Tata Teleservices in Maharashtra had said that it would convert interest related to Adjusted Gross Revenue (AGR) arrears into equity. With this, the government’s stake in the company can be around 9.5 percent. The Net Present Value (NPV) of interest is about Rs 850 crore, said the information received by the stock exchange. This estimate is subject to confirmation by the Department of Telecommunications. By converting the interest into shares, the government’s stake in the company would be 9.5 per cent. It was said that only after this the bad days of this stock started.

first published:Jan. 14, 2022, 3:35 p.m.


Latest news

New Captain, New Team India! Rohit Sharma is making plans for the World Cup, Team India will become ‘Hurricane’

New Delhi: Indian cricket team is looking new with new captain. After Virat Kohli, now Rohit Sharma will...

Opportunity to buy Vivo V23 5G in Flipkart Electronics Sale for just Rs 4,999, don’t miss the chance

New Delhi, Flipkart Electronics Sale: E-commerce giant, Flipkart is hosting the Flipkart Electronics Sale. This sale will be...

Gold Price Today: Due to the huge fall in the price of gold, buyers’ bat-bat, know how much gold became cheaper in your city

New Delhi: There is good news for people who are planning to buy gold or gold jewelry. The...
- Advertisement -spot_imgspot_img

Opportunity to buy iPhone 12 mini at less than half price during Flipkart Electronics Sale, order immediately

New Delhi, Flipkart Electronics Sale: The electronic sale on Flipkart has started from today i.e. 27 January 2022. ...

Oats Aloo Gobhi Tikki Recipe: Make Low Calorie Oats Aloo Gobhi Tikki in Snacks, will be full of energy throughout the day

New Delhi: Breakfast in the morning acts as an energy booster, so you are advised to eat only healthy...

Must read

- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you