This Tata Group inventory plunged 10% a day after rallying 19% put up Q2 outcomes. Do you personal?
Tata Teleservices (Maharashtra) shares dropped to Rs 34.24 apiece on NSE on Friday morning, with its market capitalisation falling to almost Rs 6,740 crore. The inventory has general fallen greater than 30% in 2026 thus far and 59% in three years.
The corporate on Thursday reported a web lack of Rs 59 crore for the July-September quarter of the continuing monetary yr 2027, decrease than the Rs 321 crore web loss reported in the identical interval final yr and Rs 72 crore reported within the first quarter of FY27.
The corporate’s income from operations got here in at Rs 310 crore, marking an enchancment of 8.4% from Rs 286 crore posted within the corresponding quarter of the earlier monetary yr. Within the earlier quarter, income got here in at Rs 301.57 crore, the corporate mentioned in a regulatory submitting.
EBITDA or earnings earlier than curiosity, tax, depreciation and amortization got here in at Rs 165 crore, up from Rs 140 crore within the year-ago interval. The determine was flat on a sequential foundation.
Tata Teleservices reported its September quarter outcomes throughout market hours on October 22, triggering a 19% rally within the inventory. Nevertheless, the shares fell sharply within the following session as traders booked income.
Alongside its Q2 outcomes, the corporate introduced a number of appointments. Gaurav Gupta was appointed Further Director (non-executive and non-independent) with impact from October 23, 2026. Sweety Mamodia will take over as firm secretary and compliance officer from November 1, 2026.The corporate additionally appointed Sai Pratyush, Vice President of Technique, and Vaibhav Ambradkar, Common Supervisor of the Buyer Expertise Group, as members of its senior administration.
Tata Teleservices Restricted operates primarily below the Tata Tele Enterprise Companies (TTBS) model, offering built-in info and communication expertise (ICT) and digital connectivity options to enterprises, startups and small and medium-sized companies (SMBs) throughout India.
Disclaimer: This text has been written by Veer Sharma, who will not be a SEBI-registered Analysis Analyst or an Funding Adviser. Veer Sharma and his/her ‘relative(s)’ (as outlined below Part 2(77) of the Firms Act, 2013) don’t maintain any monetary curiosity within the firms talked about on this article as of the date of publication. The views/suggestions talked about on this article, wherever relevant, are these of the respective SEBI-registered Analysis Analyst/brokerage and have been reproduced/reported with due attribution. They shouldn’t be construed because the views or suggestions of The Financial Occasions Digital or the journalist. Readers are suggested to contemplate the unique analysis report and make their funding selections primarily based on their very own evaluation. Brokerage disclaimers right here.
