Looking for a penny multi-bagger stock? TTML (Tata Teleservices Maharashtra Limited) is a stock/company of Tata Group. The stock has a very huge potential to give very high returns in the upcoming years. The stock has given approx 40% – 50% return in the last 2 years. In the post, we will share the TTML Share Price target 2024 that is given by the experts.
There are many penny stocks that 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 too 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
The company was founded in 1995 and its managing director is Mr. Harjit Singh. TTML (Tata Teleservice Maharashtra Ltd.) is a Tata group company. TTML provides connectivity and communication-related problem solutions. The company work on both wired and wireless telecommunications. The company provides ITC (information and communication technologies services for the Indian business. You can check more information on TTML’s official website.
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 doesn’t want to take risk 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.
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 Rating: 9.8/10 |  Rating: 9.1/10 |
 Rating: 8.5/10 |  Rating: 8.6/10 |
Revenue Growth (Lat 5 Years)
| Year | Revenues (In Crores) |
|---|---|
| March 2019 | 1,315.58 |
| March 2020 | 1,112.26 |
| March 2021 | 1,067.76 |
| March 2022 | 1,105.26 |
| March 2023 | 1,119.89 |
Quarterly Results of TTML
It is the total income from operations (net sales/income from operations and other operating income).
| Quarter | Total Income (In Rs. Cr.) |
|---|---|
| Jun 2022 | 266.48 |
| Sep 2022 | 277.66 |
| Dec 2022 | 281.90 |
| Mar 2023 | 280.13 |
| Jun 2023 | 285.51 |
Company Essentials
| Title | Value |
|---|---|
| MARKET CAP | Rs. 15,346.18 Cr |
| CASH | 14.26 Cr. |
| NO. OF SHARES | 195.49 Cr. |
| P/E | 0 |
| P/B | 0 |
| FACE VALUE | Rs. 10 |
| DIV. YIELD | 0% |
| BOOK VALUE (TTM) | Rs. -99.01 |
| DEBT | Rs. 19,825.15 Cr. |
| EPS (TTM) | Rs. -5.89 |
| ROE | 0 % |
| ROCE | 43.46 % |
| PROFIT GROWTH | 5.78 % |
Shareholding Pattern
| Held By | Holding % |
|---|---|
| FII | 2.03% |
| DII | 0.05% |
| Public | 23.55% |
| Promoters | 74.55% |
| Other Holders | 0.0% |
Thumb Rules for Investing
As we mentioned above that 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 will face 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 did 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 to stay away from 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 very huge return on your investments.
Currently, the stock is trading at Rs. 78.70 and the 52-week high of the stock is Rs. 149 and the 52-week low of the stock is Rs. 49.65. The market cap of the TTML stock is Rs. 15,209 Cr. (The data is updated on 3 Aug 2023).
Disclaimer: We are not SEBI registered. The post is only for educational purposes not for any investing advice. Do your own analysis or ask your financial advisor before investing. We will be not responsible for any loss or profit.
TTML Share Price Targets
From time to time many new things come into a stock like new fundaments data, quarterly results, new price action, news, and many more. These things affect the stock price as a result the stock price targets changes with time.
So, we recommend you bookmark the page to quickly visit the page to check new and updated targets of MMTL stock.
| Year | Target 1 | Target 2 |
|---|---|---|
| 2024 | 100 | 110 |
| 2025 | 115 – 120 | 125 – 140 |
TTML Share Price Target 2024
The TTML showing some strength on the weekly chart and facing major resistance. On the weekly chart, you can see the resistance at Rs. 88.30 and you can also see it in the below image too.
In a few upcoming weeks if a candle (weekly candle) closes above the resistance (Rs. 88.30) and sustains for a few days then we can see a rally up to Rs. 100 to 110. Most probably in 2024, the TTML share price can touch Rs. 100 – 110 very easily.
TTML Share Price Target 2025
TTML share price target 2025 can be a big target but it will depend on many factors like quarterly results, price auctions formed on the chart, and news. From the current information, the stock should perform very well.
After each good move, the profit booking comes in each stock but the stock prices only affect for a few weeks to a month. In the long term, the stock will keep growing up.
For 2025 there are two targets the first target is Rs. 115 to 120 and the second target is Rs. 140.
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 so, 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 so, do not forget to set a proper stop loss. MMTL stock price targets for 2024 and 2025 are mentioned above which is given by some experts. You can check targets of more stock for upping years by clicking here.