Share of Tata Teleservices (Maharashtra) Limited (TTML) is currently trading at around Rs.99/- Existing as well as prospective investors are asking for TTML Share Price Target from 2023 to 2030,2023 & 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you the TTML Share Price Target from 2023 to 2030,2035 & 2040.
Following are the frequently asked questions by the existing as well as prospective investors about Tata Teleservices (Maharashtra) Limited (TTML).We will provide answers to all these questions in this article:
- What is the future of TTML share?
- What is the target of TTML in 2025?
- Can I invest in TTML?
- Can TTML be a multibagger?
Discussion & Analysis of Business & Financial performance and prospects of Tata Teleservices(Maharashtra) Limited (TTML):
Current Business Performance of Tata Teleservices (Maharashtra) Limited (TTML)
Tata Teleservices (Maharashtra) Limited (TTML) is a leading provider of telecommunication services in Maharashtra, India. The company offers a wide range of services, including mobile voice and data services, fixed-line services, and broadband services. TTML also offers a variety of enterprise solutions, including cloud computing, managed services, and security solutions.
TTML’s current business performance is mixed. On the one hand, the company has been facing increasing competition from other telecom operators, such as Reliance Jio and Bharti Airtel. This has led to a decline in TTML’s market share and revenue in recent years. On the other hand, TTML has been focusing on its enterprise business, which has been growing steadily.
In the quarter ended June 30, 2023, TTML reported a total income of Rs 287.95 crore, up 2.41% from the previous quarter. However, the company’s net profit after tax was Rs -301.18 crore, down 35.97% from the previous quarter.
TTML’s mobile business is the company’s largest revenue generator. However, the company’s mobile subscriber base has been declining in recent years. In the quarter ended June 30, 2023, TTML’s mobile subscriber base was 1.36 crore, down 2.19% from the previous quarter.
TTML’s fixed-line business is also declining. In the quarter ended June 30, 2023, TTML’s fixed-line subscriber base was 0.24 crore, down 2.08% from the previous quarter.
TTML’s broadband business is the company’s fastest-growing business. In the quarter ended June 30, 2023, TTML’s broadband subscriber base was 0.87 crore, up 5.33% from the previous quarter.
TTML’s enterprise business is also growing steadily. In the quarter ended June 30, 2023, TTML’s enterprise business revenue was Rs 113.06 crore, up 10.23% from the previous quarter.
Future Business Prospects of TTML
The future business prospects of TTML are mixed. On the one hand, the company is facing increasing competition from other telecom operators. This is likely to continue to pressure TTML’s market share and revenue in the coming years.
On the other hand, TTML is focusing on its enterprise business, which has been growing steadily. The company is also investing in new technologies, such as 5G and cloud computing. This is likely to help TTML grow its business in the coming years.
Overall, the future business prospects of TTML are uncertain. The company is facing a number of challenges, but it is also investing in new technologies and markets. It remains to be seen whether TTML will be able to successfully navigate the challenges and emerge stronger in the coming years.
Here are some specific factors that could impact TTML’s future business prospects:
- Competition: The telecom industry in India is highly competitive. TTML faces competition from other telecom operators, such as Reliance Jio, Bharti Airtel, and Vodafone Idea. This competition is likely to continue to pressure TTML’s market share and revenue in the coming years.
- New technologies: TTML is investing in new technologies, such as 5G and cloud computing. These technologies are likely to help TTML grow its business in the coming years. However, TTML will need to invest heavily in these technologies, which could put a strain on its finances.
- Government regulations: The government of India is considering a number of new regulations for the telecom industry. These regulations could impact TTML’s business in a number of ways. For example, the government is considering a new law that would require telecom operators to store data in India. This could increase TTML’s costs and make it more difficult to compete with foreign telecom operators.
Key Strategies for TTML to Succeed in the Future
In order to succeed in the future, TTML will need to focus on the following key strategies:
- Differentiate itself from its competitors: TTML needs to find a way to differentiate itself from its competitors. This could be done by offering innovative new services, focusing on a particular niche market, or providing superior customer service.
- Invest in new technologies: TTML needs to continue to invest in new technologies, such as 5G and cloud computing. These technologies are likely to be essential for TTML to remain competitive in the future.
- Expand its enterprise business: TTML should continue to expand its enterprise business. This business is growing steadily
Share Price Targets:
TTML Share Price Target 2023
Based on the above analysis, it is expected that the share price of Company is likely to touch the level of around Rs.100-120 during 2023.
TTML Share Price Target 2024
Based on the above analysis, it is expected that the share price of Company is likely to touch the level of around Rs.125-150 during 2024.
TTML Share Price Target 2025
Based on the above analysis, it is expected that the share price of Company is likely to touch the level of around Rs.155-175 during 2025.
TTML Share Price Target 2026
Based on the above analysis, it is expected that the share price of Company is likely to touch the level of around Rs.180-200 during 2026
TTML Share Price Target 2027
Based on the above analysis, it is expected that the share price of Company is likely to touch the level of around Rs.225-250 during 2027
TTML Share Price Target 2028
Based on the above analysis, it is expected that the share price of Company is likely to touch the level of around Rs.275-325 during 2028
TTML Share Price Target 2029
Based on the above analysis, it is expected that the share price of Company is likely to touch the level of around Rs.350-400 during 2029
TTML Share Price Target 2030
Based on the above analysis, it is expected that the share price of Company is likely to touch the level of around Rs.450-500 during 2030
TTML Share Price Target 2035
Based on the above analysis, it is expected that the share price of Company is likely to touch the level of around Rs.700-750 during 2035
TTML Share Price Target 2040
Based on the above analysis, it is expected that the share price of Company is likely to touch the level of around Rs.950-1000 during 2040
Disclaimer: Investment in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. MoneyInsight does not offer investment advice and does not encourage any action based on its content.
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