IIFL Securities Stock Market Watch Today: Buy Tata Teleserv(maharastra) - August 27

IIFL Securities has issued a buy recommendation for Tata Teleservices (Maharashtra) with a target price of Rs 110. The current market price of the stock is Rs 99.04. The brokerage firm believes that the company's focus on enterprise business and cost-cutting initiatives will drive growth. IIFL Securities also expects Tata Teleservices (Maharashtra) to benefit from increased demand for data and broadband services.

About Tata Teleserv(maharastra):

Tata Teleservices (Maharashtra) Limited (TTML), a subsidiary of Tata Telebusiness, provides a range of telecom services in the state of Maharashtra, India. TTML offers fixed-line, broadband, mobile, and enterprise services to residential and business customers. The company has a strong presence in urban and rural areas of Maharashtra, with a focus on providing affordable and reliable telecom services. TTML is committed to delivering innovative and value-added services to its customers, and it plays a significant role in the development of telecom infrastructure in Maharashtra.

52 Week Price Trend:

Tata Teleservices (Maharashtra) Limited (TTML), a leading telecom service provider, currently trades at Rs 99.04 per share. Its stock has ranged between Rs 109.1 (52-week high) and Rs 49.65 (52-week low) in the past year. TTML is a subsidiary of Tata Teleservices Limited, which is part of the Tata Group. The company offers a range of wireless and broadband services in Maharashtra and Goa. It has a strong market presence and a loyal customer base. However, intense competition, regulatory challenges, and the advent of new technologies have impacted its financial performance in recent quarters.

Stratzy's MOST Analysis:

Tata Teleservices Mobile (TTML) received a BB- rating from Stratzy's MOST framework, indicating medium fundamental risks. This rating is based on the four pillars of Management, Outlook, Safety, and Trend. The framework assesses each of these aspects and assigns a score, resulting in an overall rating. TTML's rating suggests strengths in some areas but also areas where improvement is needed to mitigate potential risks.

Fundamental and Technical information provided in this blog were last updated on 27 Aug, 2024

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