Best Stocks to Buy Today : IIFL Securities's call on Tata Teleserv(maharastra) - July 18
IIFL Securities has issued a buy call for Tata Teleserv(maharastra) with a target price of Rs 92. The stock is currently trading at Rs 88.46. The brokerage firm believes that the company's strong presence in the Maharashtra telecom market, coupled with its focus on cost optimization and network upgradation, will drive growth in the coming quarters. IIFL Securities expects the company to post healthy revenue and earnings growth in the near future.
About Tata Teleserv(maharastra):
Tata Teleservices (Maharashtra) Limited (TTML) is a telecom company operating in the Indian state of Maharashtra. It offers a range of services including mobile, broadband, and enterprise solutions. TTML is part of the Tata Group, one of India's largest conglomerates. The company has a customer base of over 10 million and a network that covers over 90% of Maharashtra's population. TTML's revenue for the fiscal year 2022 was Rs. 2,414 crore. The company has a market capitalization of Rs. 6,500 crore as of March 2023.
52 Week Price Trend:
Tata Teleserv(maharastra)'s current market price (CMP) stands at Rs 88.46, indicating a decline from its 52-week high of Rs 109.1. The stock has witnessed volatility over the past year, having reached a 52-week low of Rs 49.65. Given the significant gap between the CMP and both the high and low prices, investors should carefully evaluate the company's fundamentals and market conditions before making investment decisions.
Stratzy's MOST Analysis:
TTML has received a rating of BB- from Stratzy's MOST framework, indicating a medium level of fundamental risks. This assessment is based on the company's performance in the areas of Management, Outlook, Safety, and Trend. Specifically, TTML may face challenges in terms of its management team, industry outlook, financial stability, or growth prospects. Investors should carefully consider these potential risks before making investment decisions involving TTML.
Fundamental and Technical information provided in this blog were last updated on 18 Jul, 2024
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