Hi, guys today we discuss the TTML share price target and its future share price prediction values in this article. Also, we deeply analyze the company’s fundamentals and business model and how its shares may perform in the future.
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Evaluating TTML’s share price history and technical analysis, strengths and weakness will give you more insight about companies future share value prediction. We also deeply look into upcoming market conditions and demand for better investing. Let’s see the details on TTML share price target 2023, 2024, 2025, 2026, and 2030.
TTML Share Price Target 2023, 2024, 2025, 2026, 2030
Industry | Telecommunication And Internet |
Founded Year | 1996 |
Founder Name | Tata Sons |
Headquarters Place | Mumbai, Maharashtra, India |
Area Served | India |
Key People | Ratan Tata [Interim Chairaman] Srinath Narasimhan [MD & CEO] |
Products | Fixed-Line Telephone, Fixed-Line Internet, Broadband, Internet Services, Digital Television, Network Services |
Owner | Ratan Tata |
Members | 45. Million |
Parent | Tata Group |
Divisions | Landline, Broadband, Televisions |
Websites | https://www.tatatelebusiness.com/ https://www.tatatelebroadband.com/ |
TTML Share Price Target 2023
TTML (Tata Teleservices Maharashtra Limited) issued an IPO in Sep 2000. The company was listed Bombay Stock Exchange (BSE:532371), and the National Stock Exchange (NSE: TTML).
TTML share price today is Rs. 59(13-3-23), you can check the current price by clicking the link. If you see the history of TTML share price the value gained up to Rs. 195 over the period of time after Jio came into telecom services Tata face a historical decline in its shares.
TTML share price target 2023: Tata is hardly working to regain its market in telecom services, also there is a huge market in the future, hope Tata can change its business strategy and become one of the leading players in this sector. You can expect the share price target of TTML by 2023 to be Rs. 94 and the second target to be Rs. 100.
TTML Share Price First Target 2023 | Rs. 94 |
TTML Share Price Second Target 2023 | Rs. 100 |
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TTML Share Price Target 2024
Tata Teleservices Limited (TTSL) is known as Tata Tele Business Services Limited (TTBSL) headquarters in Mumbai, Maharashtra. The company deals with providing fixed line service to various telecom services and also provides mobile service under the name of Tata Docomo.
After facing huge losses and debt in Tata Docomo the company plans to sell its mobile network service to Bharti Airtel in 2019. Currently, the management is keeping focusing on various product initiatives in the telecom industry, like digital connectivity, Cloud, and SaaS solutions.
TTML Share Price Target 2024: The management is focusing more on digital connectivity Cloud and SaaS solutions for its upcoming growth, so you can expect a good share value due to the wide market range in digital platforms. The share price target of TTML by 2024 is Rs. 120 and the second target is Rs. 125
TTML Share Price First Target 2024 | Rs. 120 |
TTML Share Price Second Target 2024 | Rs. 125 |
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TTML Share Price Target 2025
TTML Share price gain more value in the upcoming days because a lot of small and medium businesses and enterprises are moving towards digital transformation and adopting new technologies such as cloud, Collaboration, and Analytics.
High-speed internet is required everywhere, and the number of devices increasing rapidly for data usage. IT and OTT companies increased their requirement for high-capacity internet for their backbone and data center connectivity.
TTML Share Price Target 2025: TTML has a big market demand in the upcoming days, and the company has full capacity to utilize those opportunities, so you can expect the share price target of TTML by 2025 to be Rs. 145 and the second target to be Rs. 160
TTML Share Price First Target 2025 | Rs. 145 |
TTML Share Price Second Target 2025 | Rs. 160 |
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TTML Share Price Target 2026
TTML has shifted its business model to provide services of Saas, Cloud Communication, Smart internet leased line, and digital connectivity. Also, the government is keep focusing on adapting digitalization through various initiatives.
The Union government announces major reforms in the telecom industry like Digital Banking, Digital Payments, Digital Rupee, Digital University, 5G technology, and Broadband and mobile services. You can see the UPI transaction value has grown up to 92% in one year.
TTML Share Price Target 2026: The growth potential of the Telecom industry is going to boom in the upcoming days, and TTML has a strong brand name and experience of over 30 years in the market. You can expect the share Price Target of TTML by 2026 to be Rs.185 and the second target is Rs.200.
TTML Share Price First Target 2026 | Rs.185 |
TTML Share Price Second Target 2026 | Rs.200 |
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TTML Share Price Target 2030
TTML is a Large Cap company which is a total market value of Rs.11.89T Cr, and the company’s 52W H/L value is 210.4/52.10. The company is effectively managing its operating margin in the last 5 years.
TTML’s debt-to-equity ratio is –1.06 which needs to improve, and its sales growth is 4.08% also improve in the upcoming days. The company shows good revenue growth of 4.96% high compared to its previous financial year.
TTML Share Price Target 2030: As per the technical chart in-depth analysis the company has strong fundamentals, and its financial ratios improve you can expect the share price target of TTML by 2030 to be Rs. 500 and the second target is Rs. 600.
TTML Share Price First Target 2030 | Rs. 500 |
TTML Share Price Second Target 2030 | Rs. 600 |
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Business Model Of TTML Limited
TTML ( Tata Teleservices Maharashtra) is a subsidiary company of Tata Group. This telecom services company is working in Maharashtra and Goa. TTML was established in 1995, and later it was named TTML.
The company mainly works to provide fixed wireless phones, public telephone booths, and wireline services and also provides broadband data network and application services.
TTML has introduced a web-based online retail store called ‘i-choose’ and provides CDMA wireless services in every location of Maharashtra and Goa. Let’s see the technical chart of TTML, and you can see the Share price of TTML today by clicking the below link.
Strengths Of TTML Limited
- Company With Zero Promogter Pledge
- Annual net profit has been improving for the last 2 years
- Net cash flow has been improving over the past 2 years
- Revenue has been increasing in each quarter for the past 2 quarters
- Profit has been increasing in each quarter for the past 2 quarters
- YoY with growth in quarterly net profit and increasing profit margin
- QoQ with growth in quarterly net profit and increasing profit margin
Weaknesses Of TTML Limited
- Companies that pay more interest than earnings
- The maximum drop from the 52-week high was made
- The price is below both the long-term and short-term averages
- The book value per share has been declining for the past 2 years
- MFs have reduced their holdings in the quarter
- Interest payments are higher compared to income
Competitions Of TTML Limited
- Accord Synergy
- Reliance Comm
- MTNL
- Vodafone Idea
- Bharti Airtel
Shareholding Pattern Of TTML Limited
Promoter | 74. % |
FII | 0. % |
DII | 0. % |
Public | 25.6 % |
Others | 0. % |
TTML Share Price Target 2023, 2024, 2025, 2026, 2030
Years | First Target | Second Target |
---|---|---|
TTML Share Price Target 2021 | Rs. 160 | Rs. 200 |
TTML Share Price Target 2022 | Rs. 90 | Rs. 110 |
TTML Share Price Target 2023 | Rs. 94 | Rs. 100 |
TTML Share Price Target 2024 | Rs. 120 | Rs. 125 |
TTML Share Price Target 2025 | Rs. 145 | Rs. 160 |
TTML Share Price Target 2026 | Rs. 185 | Rs. 200 |
TTML Share Price Target 2030 | Rs. 500 | Rs. 600 |
Conclusion
TTML is one of the leading Telecom networks in India, and this company works under Tata Group. The market demand and opportunities of the telecom sector in India are huge, so you can expect TTML shares can give you huge returns in the long run.
In this article, we deeply analyze about companies profile and its fundamentals, as strong technicals and financials you can look into this telecom sector share as a good investment.
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Disclaimer
In this article, we have evaluated this company but we are not SEBI-registered advisors so if you are thinking of investing in this company please do your own research or consult a financial advisor
FAQ-TTML Limited
What is the Future of the Telecom Industry?
expected to be driven by advances in 5G and 6G which have the potential to improve communication and connectivity and increase efficiency and drive economic growth
Share Price Target of TTML by 2025?
the expected prices the first target is 145 and the second target is 160
TTML is Debt Free?
the group is already repaid Rs. 60,000 Cr Of the Tata Teleservices loans and dues to the Indian Government
Which are the best Telecom Sector Shares to invest in?
Best Telecom Sector In India
1 FMCG Sector
2 Real estate Sector
3 IT Sector
4 Renewable Energy Sector
5 Health And Insurance Sector
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