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, Accumulation, Bullish, Chart, Equity, Investment, Script, Sensex, Share, Tata Tele, TTML
I have been tipped about Tata Teleservices (Maharshtra) Ltd., (TTML) a year back when it was ranging between Rs.17 to 20. The major reason for such low price of a Tata share was that the company was consistently in loss. Therefore, I did not take much interest in the script.
However, with the result of every quarter the loss started diminishing and price was picked up relatively and quitely. In the recent euphoria a news came that the company will show profit for first time during the quarter ending on Sep’07 and price reached to Rs.45-00 making TTML a classic turnaround story.
Now, like most of other investors I too felt missed out the TTML rally and decided to purchase some shares at a given dip. A single day opportunity was provided on 05-10-2007 when with the market crash the share price reached between 36 to 38 and I have purchased it in small quantity. Then today it reached to Rs. 42-00 and closed at some Rs.40-75. I will accumulate some more upto Rs.45-00.
Considering the face value of Rs.10-00 it seems cheaper than other telecommunication companies, particularly with Spice Communication which is also an loss making company. Further,some mutual funds also have shown some interest and purchases have been made between the price range of Rs. 31-00 to 43-00 , which is also encouraging sign.
Sometime back the board had recommended 10% , Re.1-00 , dividend but it seems that the recommendation has not been approved in the Annual General Meeting. But the prospective of dividend seems good and even at the price of Rs.40-00 it gives 2.5% yield.
Rumors in the streets are that the price will be near 200-00 within next 12-18 months. However, I still maintain my target for 20% annual return on the amount invested.
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So are you changing your profile icon from Jughead to Richie Rich….. just curious !!! (
)
Good Going !!
lol….. and I did not notice the transformation. Still I despise work as Jughead would, and thus find stock market business comfy one. I dont have to do anything, just use intelligence, no hard work…invest.. sit back and enjoy.
Thanks for dropping by.
Thanks for your analysis and recommendation. I also feel that ttml is really underrated. With Telecom sector booming and tata name behind the scrip, it should have been quoting around hundred. It is a very good opportunity to accumulate the stock around Rs. 40 levels and get 5 times return in a year or two.
what is the yearly 2007-2008 target of TTML
The stock is good,no dout but TTML operats in Maharashtra only, it’s sister concern TTSL,operats in rest of the country,which is a non listed company.
Dear JV,
I am planning to invest in TTML at this level Rs. 60. Can you please suggest if this is good plan? What are the possible targets in next 6-12 months.
Thanks.
@Santosh, yes you can. Growth of TTML is yet untapped and it will move ahead with profit making in coming quarters. Hold for 1-2 years.
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I heard that u launched vodafone in mp.so i am interested to get ur franchise in madhya pradesh in my city MANDSOR.Will u inform the proper procedure for the application of franchise.rply me as soon as possible
I have 10000 shares of TTML with average price of Rs 30/- , i bought thaem all in 2005.
What can be the next step to exit with caution , do nt wish to devolp the loss.
i also have RPL 1000 SH @ 90,
FORTIS HEALTH CARE 1000 SH @ 100,
NOIDA TOLL 1000 SH @ 50,
PETRONET LNG 500 SH @ 50,
JP HYDRO 200 @ 40
Suggest what should i do.
hi,this is prashant from brisbane write now, but my next planning will be settel in india my home town is near mehsana and himmat nagar so, can you give me information regarding any business chance with vodaphone in near by my town and i am always think to grow my business and my mind
so,please contect me
001161433448519
or
pnninsulation@gmail.com
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