TTML share price: Multibagger Tata group stock jumps over 35% in 1 month; time to book profit or add more?

TTML share price: Shares of Tata Group company Tata Teleservices (Maharashtra) rose nearly 14 per cent in intraday trade on the BSE on Wednesday, June 11, amid a strong surge in volume. TTML share price opened at ₹72.42 against its previous close of ₹71.47 and surged 13.56 per cent to an intraday high of ₹81.16. Around 11:05 AM, the Tata Group stock traded 10.20 per cent higher at ₹78.76, with over 7:30 crore shares traded.

TTML share price trend

TTML share price has been on a roll over the last month, surging over 35 per cent. The Tata Group stock hit a 52-week low of ₹50.01 on April 7 this year and has been on an uptrend since then.

On a monthly scale, the stock gained 1 per cent in April followed by a solid 28 per cent gain in May. In June so far, the stock has risen over 9 per cent.

TTML shares hit a 52-week high of ₹111.48 on July 19 last year. The stock has given multibagger returns of over 2,000 per cent in the last five years.

TTML shares: Time to book profit or add more?

Technical experts highlight that the stock is exhibiting strength on technical charts, making it buy-worthy.

"TTML has broken out of a bullish flag pattern on the daily charts. The pole was formed with a strong volume spike, including one session with a 3952 per cent rise over the 50-day average. The flag saw ideal volume contraction, and today's breakout is supported by a 375 per cent volume surge. This confirms bullish strength and continuation of momentum. The breakout targets an immediate move towards ₹95, and dips may be used to accumulate," said Anshul Jain, Head of Research at Lakshmishree Investments.

Kunal Kamble, Senior Technical Research Analyst at Bonanza, also believes one should buy the stock on dips.

"Dips in the stock can be considered as buying opportunities, with a stop-loss placed at ₹70 for a potential upside move toward ₹110– ₹130," said Kamble.

Kamble pointed out that TTML has shown renewed buying interest after completing a throwback to its falling trendline breakout, effectively retracing the pullback move.

The stock is trading well above its major exponential moving averages (EMAs), which confirms a bullish trend. The rise in volume further supports the presence of active buyers, indicating strong accumulation.

The Relative Strength Index (RSI) is positioned in the higher range, reflecting positive momentum. Additionally, the DI+ is trading above the DI−, signalling a bullish stance, while the ADX trading above DI− suggests strength in the ongoing uptrend, said Kamble.

According to Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, TTML appears attractive at the current levels. However, caution is warranted as it is encountering strong resistance near the ₹81 zone, which coincides with the R3 monthly Camarilla pivot.

Patel believes a sustained daily close above ₹81 could pave the way for an upward move toward the ₹90 mark. Until then, the stock may continue to face supply pressure around current levels.

On the downside, Patel finds immediate support lies near ₹75, which may provide a short-term cushion.

'Traders should watch for price confirmation above ₹81 before taking fresh long positions, keeping in mind the broader trend and momentum signals," said Patel.

Tata Teleservices' Q4FY25 loss narrowed to ₹306.42 crore compared to ₹309.34 crore in the corresponding quarter of the previous financial year.

Operating profit for the quarter increased 3.70 per cent year-on-year (YoY) to ₹107.82 crore, while operating margin rose 8.76 per cent YoY to 34.98 per cent in Q4FY25.

Revenue from operations also declined to ₹308.21 crore from ₹323. 29 crore YoY.

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Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.