4 hours Ago
TTML stock today opened at ₹73.90, reflecting a slight jump from the previous close of ₹71.32.
As of 11 AM IST, Tata Teleservices’ share price stands at ₹75.65. The shares have reached an intraday high with a gain of almost 6%.
The volume of traded shares stands at 22,257,152, indicating active market participation, albeit under a bearish market environment. Let’s explore the current market performance of TTML share price today, technical indicators, and trends to make informed investment decisions. Tata Teleservices stock carries a market capitalization of approximately ₹14,761 crore and is a mid-cap play in the telecom space .
The stock for the day has ranged between a high of ₹77.55 and a low of ₹73.46.
VWAP is at ₹76.14, which is more than the current market price, indicating that selling is more than buying interest. A beta of 1.
44 suggests a stock is more volatile than the broader market. The higher volatility creates a level of uncertainty in trading for both traders and investors. More importantly, Tata Teleservices shares have traded below the key moving averages of 5 days, 20 days, and 50 days.
This trend suggests a bearish movement in the stock price. Therefore, it is an additional factor for cautious investor sentiment. The 52-week range for Tata Teleservices is ₹65.
05 to ₹111.40, reflecting high volatility in the past year. Its all-time high at ₹290.
15 now feels like a dream of the distant past. TTML stock doesn’t seem to be able to find its feet currently. The financials for Tata Teleservices look somewhat alarming, The Book Value per Share for the company stands at -₹97.
26. Thus, indicating that its liabilities far exceed its assets . Such a negative figure raises alarm among potential investors about deeper financial struggles.
Further, the TTM Earnings Per Share stands at ₹0. Hence, it hasn't even managed to bring out earnings over the last twelve months. This adds more skepticism regarding the company's financial health.
Tata Teleservices' market capitalization ranks the company in the mid-tier segment of the telecom sector when compared with its peers in the industry. However, the P/E ratio of -10.88 indicates that Tata Teleservices has negative earnings and losses.
Bharti Airtel's P/E ratios are much higher, indicating profit and investor confidence. The following chart depicts TTML's hold in the market in comparison to its peers: The revenue growth over the last year is relatively strong at 13%. Tata Teleservices faces challenges in balancing its valuation with its growth trajectory.
The P/S ratio of 13x is much higher than most of its peers. Thus, suggesting that the TTML stock may be overvalued despite the revenue growth. Over the last month or so, Tata Teleservices' share price has declined by about 7.
64% whereas the overall telecommunication sector has declined by around 2.99%. This indicates that even though the company’s stock is following the overall market trend it has been doing relatively worse in comparison to the sector as a whole.
The stock’s recent performance has raised concerns about its long-term viability, especially given its struggles in a competitive industry. Tata Teleservices’ three-year return of -52.99% highlights the underperformance when compared to the Nifty Midcap 100 and the BSE Telecommunications index.
These indexes have shown significant positive returns over the same period. The technical outlook for Tata Teleservices is largely bearish at present. The ADX is weak, and the RSI is showing some short-term buying momentum.
However, the moving averages of the stock and the bearish crossover on the MACD make it look very grim. Given these technical signals, the experts are advising caution. If this stock breaks above ₹75.
5 levels, there is every chance that this could be a reversal. If it doesn't and goes below ₹75.5, the downtrend will continue.
Short-term traders should keep in mind some declines where support around ₹71 gets breached. Tata Teleservices (Maharashtra) Ltd. is going through a tough time, with volatile stock price movements, weak financial indicators, and technical signals that suggest further declines.
Though there may be short-term trading opportunities, investors should be cautious in the face of prevailing bearish sentiment and negative earnings performance..
