TTML Share Price Sees Strong Profit Recovery
๐๐ TTML, a company under the Tata Group, saw its share price close at 78.38 rupees with a 3.19% decrease in Friday’s trading session. The stock continues to face strong selling pressure, with trading still in a bearish trend.
On September 15, 2023, TTML shares were trading at a 52-week high of 109.10 rupees. In April 2023, the stock was trading at a 52-week low of 59.80 rupees. As of Monday, April 15, 2024, TTML’s share price was at 76.75 rupees, down 2.23%.
However, on Tuesday, April 16, 2024, the share price saw a 1.02% increase, trading at 77.0 rupees.
Over the past six months, TTML stock has seen a rapid decline. In the last year, the company has delivered a 25% return to its investors. As of March 2024, the promoters of TTML held a 74.36% stake in the company, while public investors held a 25.64% stake.
Tata Sons, the main promoter of TTML, holds a 19.58% stake in the company with 38,27,59,467 shares.
In the previous week, the Sensex closed at 74,244.90, while the Nifty-50 index closed at 22,519.40. Over the past six months, TTML’s share price has fallen by 20.40%. In the last month alone, the company’s shares have declined by 3%. Year-to-date, TTML stock is down by 16%.
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