Tata Teleservices stock reached 5% upper circle, rose more than 1,200% in one year

Shares of Tata Teleservices hit the top circle of 5 percent on Friday, and have risen more than 1,200 percent in the last year’s period.

A year ago, the company’s shares were at only Rs 13.

At 3.27pm on Friday, it closed in the upper circle at Rs 167.

Mumbai-based Tata Teleservices, a subsidiary of Tata Group, deals in broadband, telecommunications and cloud services.

Notably, the company’s stock has reached 5 percent in the upper circle in several cases in the recent past.

It is important to note that the company’s stock price hike comes at a time when major Indian telecoms companies have raised their prepaid tariffs by nearly 20 per cent.

Also, the country that is preparing to launch a high-speed 5G network and increase broadband Internet services in all villages is likely to have supported the telecom operator.

– Jans

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(The title and image for this report may have been reformulated only by the Business Standard staff; the rest of the content is automatically generated from a shared feed.)

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