IIFL Securities Stock Idea: Buy Tata Teleserv(maharastra) with Target Rs 85

IIFL Securities has recommended a 'buy' call on Tata Teleservices (Maharashtra) with a target price of Rs 85, representing an upside potential of 4.9%. The current market price of the stock is Rs 81.02. The brokerage firm believes that the company's strong presence in the fast-growing Mumbai and Maharashtra markets, along with its focus on data services, will drive growth in the coming quarters.

About Tata Teleserv(maharastra):

Tata Teleservices (Maharashtra) Limited (TTML) is a telecom company providing wireless and wireline services in Maharashtra and Goa circles of India. It is a subsidiary of Tata Teleservices Limited, which is part of the Tata Group. TTML offers a range of services including mobile voice and data, fixed line, broadband, and enterprise solutions. The company has a strong customer base of over 6 million subscribers and a network coverage of over 95% of the population in its service areas. TTML is committed to providing quality and affordable telecom services to its customers and is actively expanding its network and service offerings to meet the growing demand for connectivity.

52 Week Price Trend:

Tata Teleservices (Maharashtra) (TTML), with a current market price (CMP) of Rs 81.02, has experienced a decline from its 52-week high of Rs 109.1. However, the stock has shown resilience, recovering from its 52-week low of Rs 49.65. TTML's fluctuating stock price reflects market sentiment and factors influencing the telecom sector, including competition, regulations, and technological advancements. Investors considering TTML should carefully evaluate the company's financial performance, market dynamics, and industry outlook before making investment decisions.

Stratzy's MOST Analysis:

Stratzy's MOST framework evaluates TTML's Management, Outlook, Safety, and Trend to assess its fundamental risks. The BB- rating indicates medium risk, with a slightly lower score than its peers. While TTML exhibits strengths in some pillars, it may have areas for improvement in others. The overall rating suggests that investors should exercise caution and carefully consider TTML's potential for downside risk before making investment decisions.

Fundamental and Technical information provided in this blog were last updated on 16 Jul, 2024

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