Looking for a penny multi-bagger stock? In the last few years, the stock has fallen and as of now, it is trading at approximately 70% discount from its all-time high but from the last few months, the stock has been very bullish and given approx 90% return in the last 1 year. TTML share price targets for 2024, 2025, and 2026 may give multi-bagger returns.
Many penny stocks have the strength to give multi-bagger returns in the next few years. As are also huge risks in penny stocks but you can reduce the risk by following some thumb rules for investing. We will also share the rules in the post.
For an Intraday trader, the fundamental data is not important but for an investor, the fundamental data is very important. With the help of fundamental data, you can analyze any stock in a very deep way. It also helps investors to know how can the stock perform in the next few years.
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About TTML Company
TTML (Tata Teleservice Maharashtra Ltd.) is a part of the Tata Group. The company was founded in 1995 and as of now its current managing director is Mr. Harjit Singh.
TTML provides many services and solutions like Smart Cloud Services, Google Workspace, Microsoft Azure, Microsoft 365, Smartflo, Smart Internet, ILL Brustable Bandwidth, SD-WAN iFLX, Smart VPN-MPLS, EZ Cloud Connect, Leased Line-P2P, Tata Tele Wifi, Ultra-Lola, Business Broadband, meant voices services, Marketing Solutions, Cyber Security, and many more.
The TTML provides many solutions to many industries like BSFI, IT/ITeS, Manufacturing, Services, Education, Healthcare, and many more. They provide solutions for almost every size of company small, medium, and big.
Company Fundamental
The company fundamental gives detailed data of the company which helps you to know whether the company is fundamentally strong or not. Suppose you are an investor and don’t want to take risks then you can choose fundamentally strong stocks for investing. To check which stock is fundamentally strong you need fundamental information about the company/stock.
For the investing purpose, fundamental information is very important. It not only shows the strength of the company it also can help investors to know how the stock can perform in the upcoming years.
Note: Please cross-check the below-shared information from your broker website or any other trusted website. Please let us know if any information is wrong. The below-shared information was last updated on 21 Feb 2024.
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 Rating: 9.8/10 |  Rating: 9.1/10 |
 Rating: 8.5/10 |  Rating: 8.6/10 |
Net Profit & Loss (Yearly)
| Year | Net Profit & Loss (In Crore) |
|---|---|
| March 2019 | -₹668 |
| March 2020 | -₹3,714 |
| March 2021 | -₹1,997 |
| March 2022 | -₹1,215 |
| March 2023 | -₹1,145 |
Net Profit & Loss (Quarterly)
| Quarter | Net Profit & Loss (In Crore) |
|---|---|
| Dec 2022 | -₹280 |
| Mar 2023 | -₹277 |
| Jun 2023 | -₹301 |
| Sep 2023 | -₹310 |
| Dec 2023 | -₹308 |
Company Fundamentals
| Market Cap | ₹17,827Cr | ROE | 6.10% |
| P/E Ratio (TTM) | 0.00 | EPS (TTM) | -6.12 |
| P/B Ratio | 0.00 | Div Yield | 0.00% |
| Industry P/E | 118.99 | Book Value | -97.92 |
| Debt to Equity | -1.04 | Face Value | 10 |
Shareholding Pattern
| Held By | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|
| FIIs | 2.03% | 2.23% | 2.26% |
| DIIs | 0.05% | 0.06% | 0.05% |
| Public | 23.56% | 23.35% | 23.33% |
| Promoters | 74.36% | 74.36% | 74.36% |
| Other Holders | 0.00% | 0.00% | 0.00% |
Key Points
- The Average ROE and ROCE of the last 3 years are very poor.
- The revenue growth is almost 0 as there has been no growth in any years in revenues.
- The Net profit of the TTML company has in negative for all the last 5 years as we shared above. However, the loss is decreasing each year, and hope it will turn into a positive in the upcoming years.
- The financials of the company are looking very weak so, there is a high risk in the stock. So, invest carefully.
- As the company is now making a loss so, it is available at an attractive valuation.
Quarterly Results
TTML has been making a loss for years and from the last 4 to 5 years the net loss of the company has been reducing but the company may take aminium 2 to 3 years to become a profitable compnay.
In the last 5 quarters, the company made a loss, you check the loess in the above table. In Dec 2023, the net loss of the compnay was near Rs. 308 Crore.
Thumb Rules for Investing
As we mentioned above there are some thumb rules that make a return on investment very high. Not only very high return, but in case of a worse case it also protects your portfolio too. These thumb rules are made and suggested for expert investors for all investors.
Rule #1: Do not invest all the money in one sector’s stocks. No matter what is the future of the sector. In case, you invested all the money in one sector, if the sector faces any issue then you’ll be in a huge loss.
Rule #2: Invest a maximum of 5% – 6% of the total money in any stock. Suppose you have Rs. 1 Lakh the invest only 5000 – 6000 in any stock. This rule is applicable when you are retail, and can not track all the stocks.
Rule #3: Invest in a maximum of 2-3 stocks of a sector. When any sector faces problems then other sectors’ stock will save you from huge losses.
Rule #4: Invest in stock when the stock the available at a 10% low from its 52-week high. Some people invest in stocks at high, and as a result, they do not get good returns on their investments.
Rule #5: Invest in stocks for at least 5 – 7 years to get very high returns. Keep booking the profit from time to time.
Rule #6: Keep averaging the stock if everything is right in the company and the stock is available at a high discount due to any market crash.
Rule #7: Before Investing in any stock make sure you check its fundamental and related news. It will help you avoid the stock which can give you huge losses.
TTML Share Price Target
The TTML Share price targets we shared below are given by experienced investors. Not only the targets we will also share some charts with levels that you help you to analyze the stock quickly.
Technical analysis helps investors to buy and sell stocks at the right price. With technical analysis, investors can predict the short-term move of the stock. In short, the combination of technical and fundamental analysis can give you a huge return on your investments.
Currently, the stock is trading at Rs. 88.83 the 52-week high of the stock is Rs. 109.10 and the 52-week low of the stock is Rs. 49.65. The market cap of the TTML stock is Rs. 17,827 Cr. (The data was updated on 21 Feb 2024).
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your analysis or ask your financial advisor before investing. We will be not responsible for any loss or profit.
TTML share price target 2024
In the last few months, the TTML stock has given good returns who bought the stock using technical analysis at the right level. In the last 10 months, the TTML stock has given approximately 88% which is very high for anyone, and still, the stock is looking very bullish.
There are very high chance that the stock will again move up in the upcoming few months as it is looking very bullish. As of now, there are no targets in the stock but when it crosses the resistance of Rs. 113 – 114 then you can buy the stock for the short term with a small stop loss.
TTML Share Price Target 2025
After giving this type of massive return the stock may take a rest for a few months but in 2025 the stock can also give good returns. As the year loss of the TTML compnay is decreasing every year and when the compnay becomes profitable then the stock can again give massive profits in the next few years.
In case, the losses of the compnay start increasing due to any reason the stock may perform badly. As it is a small-cap stock then there is a very high chance it may go in a downtrend in the short term.
TTML Share Price Target 2026
There is no doubt that this is a good compnay but as of now it is growing through a good phase where its loss is decreasing and stock is giving good profits or recovering very quickly after a major downtrend.
The TTML compnay is providing services to many major companies in the world and there is no doubt the company is good for the long term. If you have good knowledge about the industry then you can consider investing in the compnay but make sure you have strong reasons for investing in the compnay.
FAQs
It is a penny stock so it is not good for the investors who don’t have a stronger knowledge of investing but it can be good for the investors who invest in penny stocks. If you have a good understanding of technical analysis, you can do short-term or swing trading in the stock.
From the current data and chart patterns you can expect the target from Rs. 110 to 140. Remember with time the target change with new price auctions and news.
If you are a safe investor then you should be away from penny stocks. In case you can take risks and have a good understanding of the stock market and its technical then you can invest with proper Stoploss.
Final Words: TTML is a penny stock so, there is a very huge risk. If you are investing in penny stocks, do not forget to set a proper stop loss. MMTL stock price targets for 2024, 2025, and 2026 are mentioned above which is given by some experts. You can check targets of more stock for upping years by clicking here.