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Tata Teleservices Shares Surge 31% in Two Days on Speculation of Tata Sons’ Support

The rally follows the Supreme Court's rejection of AGR waiver pleas, with heavy trading volumes and technical indicators showing bullish signals.

Tata Teleservices shares zoom 31% in 2 days; here is why
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Overview

  • Shares of Tata Teleservices (Maharashtra) Ltd have jumped over 31% in two trading days, driven by speculation of a potential capital infusion by Tata Sons.
  • The Supreme Court's dismissal of telecom operators' AGR waiver petitions has intensified focus on TTSL's Rs 19,256 crore due by March 2026.
  • The stock is trading above all key moving averages, with a 14-day RSI of 75.98, indicating overbought territory and sustained buying interest.
  • Trading volumes spiked to 88.62 lakh shares, significantly higher than the two-week average of 12.12 lakh shares, reflecting heightened market activity.
  • Despite the rally, Tata Teleservices continues to grapple with weak financial fundamentals, including a negative P/E ratio and earnings per share of -6.54.