The trading volume of Tata Teleservices (Maharashtra) Ltd touched an impressive high on 26th November 2024. Approximately 26 lakh Tata Teleservices share price traded till 10:47 IST on the Bombay Stock Exchange (BSE). It saw an enormous rise of 6.97 times in comparison with the two-week average daily volume of 3.68 lakh shares. The Tata Teleservice stock gained 13.06% from its previous session to achieve a strong Rs.78, compared with yesterday's trading volume of approx. 4 lakh shares.
Petronet LNG stock saw 2.52 lakh shares traded by 10:47 IST, with a 4.02-fold rise from its two-week average daily volume of 62,748 shares. The stock gained 0.43%, rising to Rs.335 from 1.15 lakh shares in the previous session.
The trading volume in Mazagon Dock Shipbuilders Ltd stood at 1.87 lakh shares, more than 2.89 times its two-week average of 64,698 shares. The stock was up 4.16% to Rs.4,350. New India Assurance Company Ltd witnessed a rise in trading volume with 1.61 lakh shares changing hands, 2.77 times the average, and the stock up 4.99% at Rs.189.
Lastly, Grasim Industries Ltd reported 25,289 shares traded, a 2.28-fold increase over its two-week average daily volume of 11,089 shares. However, the stock experienced a decline of 0.80% later on, settling at Rs.2,610.
As of November 26, 2024, 11.42 IST, the current Tata Teleservicesstock is trading at approx. ₹78. Thus, Tata Teleservicesshare prices have surgedby13.06% from the previous trading session. The stock has seen significant trading volume, with approximately 25.64 lakh shares traded by mid-morning.
An upward trend is indicative of positive momentum in the stock price. Tata Teleservices (Maharashtra) Ltdis a subsidiary of the Tata Group. The company caters telecommunication services across Maharashtra for mobile and fixed-line connections.
Tata Teleservices stock experienced profitability issues and reported losses for several successive quarters lately. Recently, the company has been managing customer expansion along with service quality improvement., the negative EPS and P/E ratio continue to raise concerns.
Evidence from such stocks reflects increased investor interest, where higher volumes suggest positive shifts in market dynamics. However, the Tata Teleservices shares remain under keen observation by investors. Investors are still showing caution due to the stock’s past volatility and the changing scenario of the Indian telecom sector.