This multibagger stock has been hitting the upper circuit for the last 14 trading sessions

Tata Teleservices( Maharashtra) Ltd has given exponential multibagger returns of 1688 % in one year and astounding returns of 5107% in two years.

The teleservice operator has rallied 113.18% in the last one month while hitting the upper circuit of 5% for 14 straight trading sessions.

The multibagger has been on a bull rally since November by hitting multiple upper circuits.

• In one month, the stock has risen 113.18%. If you had invested Rs 100,000 it would have become Rs 213,180.

• In six months, the stock has risen 613.39%. An investment of Rs 100,000 would have become Rs 713,390. 

• In a year, the stock has risen 1688.16%. Rs 100,000 would have become Rs 17,88,160.

Tata Teleservices Maharashtra (TTML) is a part of the Tata Group. This telecom services company has its presence all over Maharashtra and Goa. Earlier, the company was known as Hughes Telecom (India), which was incorporated in March 1995. Later in February 2003, it was renamed Tata Teleservices Maharashtra (TTML).

TTML provides a range of telephony services such as mobile, fixed wireless phones (FWP), public telephone booths and wireline services. Its suite of broadband data network and application services include leased lines, DSL, Wi-Fi, Ethernet, Managed Gateway services and Web Conferencing services. It stands at the fourth position in areas of operation.

In November 2021, major telecom operators led by Bharti Airtel and followed by Vodaphone and Reliance Jio have hiked their prepaid tariff plans by 20% in an attempt to bring the ARPU (Average Revenue Per User) to Rs 200 and gradually to Rs 300 to enable the substantial investments required in networks and spectrum. This move is expected to improve cash flow generation and profitability of the telecom operators.

The recent rally in the shares of Tata teleservices has swelled its market capitalization to Rs 26567 crore.

In multiple sessions, the company has been making new 52-week highs with the latest one being the last trading session of Rs 135.90. Tata Teleservices opened today at Rs 143.55 again hitting the upper circuit of 5%.