Buy Tata Teleserv(maharastra): IIFL Securities's Target Price Rs 86

IIFL Securities recommends buying Tata Teleservices (Maharashtra) at the current market price of Rs 81.79, with a target price of Rs 86. The brokerage cites the company's strong presence in its operating region and the potential for growth in the telecom sector. The company has been consistently expanding its customer base and improving its network infrastructure. IIFL Securities believes that Tata Teleservices (Maharashtra) is well-positioned to capitalize on the growth opportunities in the telecom industry.

About Tata Teleserv(maharastra):

Tata Teleservices (Maharashtra) Limited (TTML), a subsidiary of Tata Teleservices Limited, is a leading telecom service provider in Maharashtra and Goa. It offers a comprehensive range of telecom services, including mobile, broadband, and enterprise solutions. The company has a strong presence in both urban and rural areas, with a subscriber base of over 10 million. TTML is committed to providing its customers with world-class services at affordable prices. It is also actively involved in various community development initiatives to improve the lives of people in its operating areas.

52 Week Price Trend:

Tata Teleservices (Maharashtra) (TTML), a subsidiary of Tata Teleservices, has a current market price (CMP) of Rs 81.79. Over the past year, the stock has fluctuated between a 52-week high of Rs 109.1 and a 52-week low of Rs 49.65. This represents a significant range, indicating potential volatility in the stock's performance. Currently, the stock is trading below its 52-week high but above its 52-week low, suggesting that it may be consolidating after a period of decline.

Stratzy's MOST Analysis:

TTML has received a BB- rating from Stratzy's MOST framework. This indicates that the company faces medium fundamental risks across its management, outlook, safety, and trend aspects. While the overall score is in the "B" range, suggesting that TTML is a relatively stable investment, the "-" indicates that there are some potential concerns that investors should be aware of. These concerns could relate to any of the four pillars, but further analysis would be needed to determine the specific areas of risk.

Fundamental and Technical information provided in this blog were last updated on 26 Jun, 2024

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