Something exciting is going on with Tata Teleservices shares! They've jumped up by a huge 34% in only three days. Let's break down what's happening and hear what the experts have to say about TTML share price.
When we look at Tata Teleservices' 14-day relative strength index (RSI), it's sitting at 83.15. Now, don't worry about the numbers—what's important is that this shows the stock is getting a lot of attention. An RSI above 70 means it's quite popular, and this one is way above that mark. On the flip side, a negative price-to-earnings (P/E) ratio of 13.39 and a negative price-to-book (P/B) value of 0.80 tell us that there's something unique about the stock's value.
In simple words, Tata Teleservices (Maharashtra) Ltd's shares have shot up more than 7% in trading. Imagine if you had a toy rocket that went up and up—that's what the shares are doing. They went as high as Rs 84.29 today, which is a big leap from Rs 78.42 before. If we look at the last three days, it's like they've grown 33.50%, which is super impressive. The trading volume, which is the number of shares being bought and sold, is much higher than usual. In fact, it's more than three times the usual amount. The total money traded is around Rs 22.41 crore, and the company's value is about Rs 15,924.84 crore. That's a lot of zeros!
Now, there was a bit of back-and-forth in the morning, but the stock is still up around 4.12% at Rs 81.65.
Get this—the company is getting ready for its big Annual General Meeting (AGM) on June 27, 2023. It's like a special gathering where they talk about the company's plans and what they've been up to. In the last three months, Tata Tele made a profit of Rs 277.07 crore, which is a good amount of money. They also brought in Rs 280.13 crore from their business activities during this time.
Okay, let's hear from the experts. They've got interesting things to say about the stock's future. One expert thinks the stock might find support at Rs 71. It's like having a cushion to fall back on. Another expert feels that the stock could face some selling pressure. They believe the stock price might go down to around Rs 60 in the near future. And one more expert suggests that investors should consider taking their profits now, as the stock might dip to Rs 63 in the coming weeks.
Just so you know, as of March 2023, the people who started Tata Teleservices still own around 74% of the company. Tata Teleservices owns about 48%, while Tata Sons and Tata Power own around 19% and 6% of the company, respectively.
When it comes to comparing different time periods, the stock is doing better than usual in the last 5, 20, 50, and 100 days. But it's not doing as well as it did in the last 200 days. That's like checking if you've been running faster or slower than your average over different distances.
Remember, all these numbers and indicators give us clues about how the stock is doing, but they're not crystal balls. The stock market can be a bit unpredictable, a bit like the weather. So, while Tata Teleservices shares are climbing, the rest of the stock market is also moving up and down. It's like a rollercoaster of numbers and surprises!