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. Th...
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