Latest news with #TTSL
India Today
22-05-2025
- Business
- India Today
Tata Teleservices shares jumps 11% today. What's driving the rally?
Shares of Tata Teleservices (Maharashtra) Ltd soared over 11% on Thursday, continuing their sharp upward momentum for a second straight session. The stock was last seen trading at Rs 76.83 on the BSE, up 11.27% for the day and nearly 32% over the past two trigger behind the rally appears to be growing speculation around a potential capital infusion by Tata Sons Ltd into its struggling telecom subsidiary, Tata Teleservices Ltd (TTSL). TTSL, the parent of Tata Teleservices (Maharashtra), owes the government Rs 19,256 crore in adjusted gross revenue (AGR) and other statutory dues, which must be paid by March buzz around fresh capital support has gained momentum after the Supreme Court earlier this week dismissed petitions from telecom operators seeking waivers on AGR dues. This has intensified the spotlight on how telecom players with large dues plan to meet their obligations. On the technical front, the stock is showing strong bullish signals. It is currently trading above all its key moving averages, from the 5-day to the 200-day SMA, indicating sustained buying interest. The 14-day Relative Strength Index (RSI) stands at 75.98, placing the stock in overbought its recent surge, the fundamentals remain weak. The company has a negative price-to-earnings (P/E) ratio of 11.51 and a price-to-book (P/B) value of (-)0.77. Earnings per share (EPS) is in the red at (-)6.54, and the return on equity (RoE) is modest at volumes also spiked significantly. Around 88.62 lakh shares changed hands on the BSE, well above the two-week average of 12.12 lakh shares. The turnover stood at Rs 65.99 crore, with the company's market capitalisation at Rs 14,703 the rally has been sharp, investors should tread with caution given the company's financial stress and the speculative nature of the current uptrend.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
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Business Standard
22-05-2025
- Business
- Business Standard
Tata group telecom services provider share zooms 28% in 2 days; here's why
Tata Teleservices (Maharashtra) share price today Shares of Tata Teleservices (Maharashtra) (TTML) hit three-month high, gaining nearly 8 per cent to ₹ 74.70 on the BSE in Thursday's intra-day trade, extending its Wednesday's over 15 per cent rally, in otherwise a weak market. In past two trading days, the stock price of Tata group telecom services provider has zoomed 28 per cent. In the past nine trading days, TTML stock price has surged 45 per cent from level of ₹ 51.53 on May 9, 2025. TTML stock had hit a 52-week low of ₹ 50.01 on May 7, 2025. The average trading volumes on the counter more-than-doubled, with a combined 32.36 million equity shares have changed hands on the NSE and BSE. In comparison, the BSE Sensex was down 0.85 per cent at 80,900.62 at 09:27 AM. What's drives TTML share price According to a Business Standard report, Tata Sons Ltd, the holding company of the $150 billion Tata Group, may be forced to infuse fresh capital into its loss-making telecom arm, Tata Teleservices Ltd (TTSL). This is because TTSL has to pay ₹19,256 crore adjusted gross revenue (AGR) along with other dues to the central government by March 2026. On September 15, 2021, Government of India informed regarding reform & relief measures for Telecom Service Providers (TSPs) and on October 14, 2021 issued a communication to TTML granting them opportunity of opting for deferment of the AGR dues by a period of four years and paying interest amount by converting the same in equity. TTSL and TTML have opted for moratorium for four years on AGR dues vide letter dated October 29, 2021. First installment is due on March 31, 2026. Outlook The Information and Communication Technology (ICT) landscape in India is evolving rapidly, presenting both opportunities and challenges for enterprises, especially Small and Medium Enterprises (SMEs). As the backbone of the Indian economy, SMEs are increasingly leveraging ICT to enhance their competitiveness, efficiency, and innovation capacity Opportunities, TTML said in its FY25 annual report. The Government of India is actively supporting the telecom industry through various initiatives and policies aimed at fostering growth, innovation, and digital inclusion. India's Atmanirbhar Bharat initiative aims to transform the nation into a global leader in telecom equipment development and manufacturing. The Department of Telecommunications (DoT) is actively supporting this vision by Fostering an R&D ecosystem and Bharat 6G Vision. Opportunities The transition to hybrid work models has led companies to place greater emphasize on digital transformation. This increased focus is driving the adoption of agile, cost-effective, and secure ICT solutions, particularly in Unified Communications, as well as Cloud and SaaS offerings. Public and hybrid cloud solutions are gaining traction due to their simplicity and cost-efficiency, which is resulting in a demand for reliable internet access services and a re-evaluation of traditional enterprise network infrastructure. This shift opens opportunities for solutions such as Internet Leased Line and SD-WAN. As businesses expand their digital presence and adopt remote work setups, security remains a paramount concern, leading to a rise in the implementation of enterprise security solutions. Moreover, the aim of achieving omni-channel customer engagement, enhanced experiences, and brand loyalty is driving the demand for advanced business communication and marketing solutions, including cloud communications and omnichannel platforms like WhatsApp for Business. While traditionally lagging behind large enterprises, the Indian SME sector is progressively adopting technology, supported by the increasing reliability and affordability of cloud infrastructure, competitively priced internet access services, and accessible UC platforms and services, TTML said. TTML, equipped with Unified Licences (UL) - Access Service Authorization, operates in Mumbai and Maharashtra License Service Area (LSA), serving the regions of Maharashtra and Goa. Operating under the brand name of 'Tata Tele Business Services' (TTBS), the Company provides Smart Digital Solutions tailored to meet the needs of businesses across the country. Solutions include Connectivity, Business Communications, Security, Marketing and Managed Services.
The Hindu
21-05-2025
- Sport
- The Hindu
Amalraj highlights need for professional table tennis leagues in the country
Former India table tennis player Anthony Amalraj, speaking at the launch of the fourth edition of the Table Tennis Super League (TTSL) here on Wednesday, highlighted the need for professional leagues to grow the sport in India. 'In Europe, we've always had a league system. But in India, we mostly had a tournament system, and there's a huge difference between the two. In a tournament, if you lose once, you're out — it's over. 'But in a league, players get chances to bounce back, to take advice, and to improve. Financial stress is also lower in leagues because of sponsor support,' Amalraj said. The TTSL is Ultimate Table Tennis' (UTT) grassroots development tournament. The Tamil Nadu edition will feature six teams — Jeppiar Jaguars, Leo Legends, DRA Dragons, SSVM Smashers, Vibe Victors, and E Daddy Warriors. Amalraj added that Indian players' performances have improved since the advent of the UTT. 'Leagues are more professional. Since UTT started in 2017, India's performance has seen a shift — our women's team reached the Olympic quarterfinals, and now Indian players have the confidence to take on top nations like China and Japan,' he said. A silver-medallist from the 2014 Commonwealth Games in Glasgow, Amalraj said that establishing such leagues will boost the player pools across States. 'Only Sathiyan from Tamil Nadu made it to the World Championships this time. 'But see, we're not like China, where lakhs of people play table tennis. It's not like asking, 'when will we get the next Virat Kohli in cricket?' Because lakhs play cricket, you have a bigger pool. In table tennis, the player base is smaller. It takes time. After I came, Sathiyan came 3–4 years later. So it's a gradual process,' he added.
The Hindu
21-05-2025
- Sport
- The Hindu
Initiatives like Table Tennis Super League needed to grow the sport: Anthony Amalraj
Former India table tennis player Anthony Amalraj, speaking at the launch of the fourth edition of Table Tennis Super League (TTSL) in Chennai on Wednesday, highlighted the need for professional leagues to grow the sport in India. 'In Europe, we've always had a league system. But in India, we mostly had a tournament system, and there's a huge difference between the two. In a tournament, if you lose once, you're out—it's over. But in a league, players get chances to bounce back, to take advice, and to improve. Financial stress is also lower in leagues because of sponsor support,' Amalraj said. The TTSL is Ultimate Table Tennis' (UTT) grassroots development tournament. The Tamil Nadu leg will feature six teams—Jappier Jaguars, Leo Legends, DRA Dragons, SSVM Smashers, Vibe Victors, and E Daddy Warriors. Amalraj added that Indian players' performances have improved since the advent of the UTT. 'Leagues are more professional. Since UTT started in 2017, India's performance has seen a shift—our women's team reached the Olympic quarterfinals, and now Indian players have the confidence to take on top nations like China and Japan,' he said. A silver-medallist from the 2014 Commonwealth Games in Glasgow, Amalraj said that establishing such leagues will boost the player pools across states. 'Only Sathiyan from Tamil Nadu made it to the World Championships this time. But see, we're not like China, where lakhs of people play table tennis. It's not like asking, 'when will we get the next Virat Kohli in cricket?' Because lakhs play cricket, you have a bigger pool. In table tennis, the player base is smaller. It takes time. After I came, Sathiyan came 3–4 years later. So it's a gradual process,' he added.
