Multibagger Stock: Investing in penny stocks is risky because a small trigger for the company leads to high volatility in its stock price. However, when the fundamentals of the company are strong and there is a huge brand and brand value behind it, then high-risk stock market investors will find no harm in investing in such penny stocks. Tata Teleservices (Maharashtra) Limited or TTML Shares are a vivid example of this. This Multibagger Penny Stock Has Bounced 3.05 each level (NSE closing price as on February 7, 2020) to The level of 180.80 on 8 February 2022, an increase of about 5800 percent in the last 2 years.
TTML Share Price History
After the profit booking trigger in January 2022, TTML share price has bounced back very strongly from the upper circuit in all the 5 sessions last week. However, the profit-booking was so deep that even after a 21.50 per cent rise in the past one week, TTML’s share price has registered a fall of nearly 35 per cent in the past one month. In the last 6 months, TTML shares have risen from approx. 43 to The 180.80 level, logging an increase of about 320 percent this time. Similarly, over the past year, this multibagger penny stock has bounced around from 20 180.80 level, appreciating 820 per cent.
Similarly, one of the multibagger stocks in 2021 has increased its shareholders money by about 59 times in the last 2 years, which is increasing from the last 2 years. from 3.05 180.80 each level.
impact on investment
Taking cues from TTML share price history, if an investor had invested 1 lakh in this stock a month ago, its would have turned into 1 lakh 65 lakhs today when it would have been 4.20 lakhs in the last 6 months. If an investor had invested 1 lac in this multibagger penny stock a year ago and till date was invested in it, its would have turned into 1 lakh 9.20 lakh today.
Similarly, if an investor had invested 1 lakh in this multibagger stock 2 years ago and till date was invested in it, its would have been 1 lakh 59 times today.
TTML Q3 Results
The Tata Group’s telecom company yesterday announced its third quarter results in which it reported a net loss of Rs. 302 crore against Net loss of Rs 298 crore a year ago The telecom company reported a growth of 2 per cent in its revenue from operations.
In its third quarter earnings filing with the Indian exchange, TTML reported, “The company has incurred a net loss for the quarter and nine months ended December 31, 2021 and current liabilities have exceeded its current assets as on that date. It has received a letter of support from its promoter indicating that the promoter will take necessary action to settle any shortfall in liquidity during a period of 12 months from the date of balance sheet.”
In early February this year, Tata Tele announced its decision not to opt for conversion of interest related to AGR dues into equity, as the interest amount eligible for such conversion turned out to be far less than the company’s own calculations.
TTML Share Price Outlook
Though, TTML shares have given decent returns to their shareholders over the last two years, stock market experts are still bullish on this multibagger penny stock for 2022.
Recommending new buyers to add TTML shares to their stock portfolio; Anuj Gupta, Vice President, IIFL Securities said, “TTML shares are expected to trade higher. This Tata group stock can be bought with stop loss. to the target of 174 200 level in the near term. However, 200 would act as a strong resistance for the Telecom small-cap stock and profit-booking could be seen at these levels.”
On those who already have TTML shares in their portfolio; Sumeet Bagadiya, Executive Director, Choice Broking said, “Those who have TTML shares in their portfolio can keep it while maintaining their forward stop loss. 150 each level.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
Never miss a story! Stay connected and informed with Mint.
download
Our App Now!!
,