WHY TATA TELESERVICES ROSE 1300% A YEAR..??

TATA TELESERVICES 

Remember the time when Tata was in the telecom business?? 

We all thought those days we entered a duopoly of Jio and Airtel. 

Tata Teleservices, as it was called, lost market share when Jio came in, and seemed to be a company that was effectively dead. Its stock even turned into a penny stock, which is very rare for Tata Group company. But in the past one year, the stock has risen from $7 a share to over $100 a share now, giving multi-bagger returns. It's hitting the upper circuit consistently. So why is a dormant company giving such phenomenal returns.

According to the Mint, the market is rife with reports that Tata will make Tata Teleservices active again. But no, this doesn't mean we can switch back to our old Tata Indicom SIMs anytime soon. The revival in the form of  Tata Tele Business Services. They will offer services to small and Medium Enterprises (SMEs) and back up Tata Electronics, alongside supporting Tata's upcoming super App. 

The company plans to gain an early mover advantage in providing 5G connections to businesses. This also lines up Tata's widely publicized acquisition of firms like Tejas Networks, which will provide the hardware it needs in-House. The company has already launched Smartly, a cloud communication's platform for SMEs. 

This is a major turnaround after Tata had to write off its entire investment in the telecom business, and the firm has posted losses all but two quarters since 2009. Do you think Tata teleservices can be a major player again....