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An investment of Rs 1 lakh in this multibagger five years ago at Rs 2.65 per share would now be worth Rs 29.8 lakh, with the stock surging to Rs 79.45 as of May 23, 2025
The Relative Strength Index (RSI) has reached 78.14, suggesting the stock is in the overbought zone and has been extremely bullish recently. (Representative/Shutterstock)
Tata Teleservices Maharashtra (TTML) has caught the market’s attention once again, with its stock witnessing a sharp rally over the past three trading sessions. Known for delivering impressive returns to investors over the last five years, TTML’s recent surge has sparked renewed interest among market watchers and retail investors alike.
Following a 30% jump over the last two sessions, this multibagger stock continued its upward trend, gaining over 2% on the NSE on May 23. Notably, TTML shares rose sharply on May 22 despite a bearish market sentiment, with the Nifty closing 204 points lower at 24,610.
On May 22, the stock jumped 7.83 percent to close at Rs 74.50 and even reached a high of Rs 79 during trading. Notably, foreign institutional investors (FIIs) have also shown interest in this stock. In the quarter ending March 2025, FIIs increased their stake in Tata Teleservices Maharashtra to 2.5 percent. The market capitalisation of the company has now surpassed Rs 15,000 crore.
The primary reason behind this sudden rise in TTML is believed to be a report suggesting that Tata Sons Limited, the holding company of the $150 billion Tata Group, may infuse new capital into its loss-making telecom subsidiary, Tata Teleservices Ltd (TTSL).
In the last five years, Tata Teleservices Maharashtra has provided a staggering 2,900 percent return to investors. Over the past six months, the stock has gained 15 percent. An investor who had placed Rs 1 lakh in this multibagger stock five years ago would now see their investment valued at Rs 2,981,132. Five years ago, the stock was valued at just Rs 2.65, which has now surged to Rs 79.45 .
TTML stock is trading above the 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMA), indicating a strong technical position. The Relative Strength Index (RSI) has reached 78.14, suggesting the stock is in the overbought zone and has been extremely bullish recently.
(Disclaimer: The information provided is based on the stock’s performance. Since stock market investments are subject to market risks, consult a certified investment advisor before investing. News18 Hindi will not be responsible for any losses incurred.)
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