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  5. Tata Teleservices shares surge over 30% in two sessions, here's why

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Tata Teleservices shares surge over 30% in two sessions, here's why

Upstox
By Upstox News Desk

2 min read | Updated on May 22, 2025, 12:05 IST

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SUMMARY

Tata Teleservices shares were witnessing heavier than usual trading volumes. As many as 1.13 crore shares changed hands on the BSE as against an average of 12.12 lakh shares traded daily in the past two weeks.

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Last month, Tata Teleservices reported that its net loss declined marginally to ₹306 crore in January-March quarter. | Image: Shutterstock

Tata Teleservices shares: Share of internet solutions provider Tata Teleservices (Maharashtra) rose as much as 31% in the last two trading sessions to hit over one-month high of ₹76.44 on the BSE. In intraday deals, Tata Teleservices shares rose as much as 10.70%, data from BSE showed. Tata Teleservices shares have surged as much as 53% from its 52-week low price of ₹50.01 it touched on April 7.

In Thursday's trading session, Tata Teleservices shares were witnessing heavier than usual trading volumes. As many as 1.13 crore shares changed hands on the BSE as against an average of 12.12 lakh shares traded daily in the past two weeks. On the National Stock Exchange, trading volumes in Tata Teleservices shares spiked by 4.4 times to 10.50 crore as against average trading volume of 2.40 crore shares.

Tata Teleservices shares came under strong buying interest starting Wednesday, May 21, after a report by Business Standard suggested that its parent Tata Sons may be forced to infuse fresh capital into Tata Teleservices because it has to pay ₹19,256 crore in adjusted gross revenue (AGR) dues along with other dues to the central government by March 2026.
Business Standard report added that since the company has negative net worth of ₹17,876 crore and steep accumulated losses, the company is not in a position to repay its dues.

The Supreme Court on Monday dismissed the petitions moved by Vodafone Idea, Bharti Airtel and Tata Teleservices seeking waiver on their AGR dues.

Last month, Tata Teleservices reported that its net loss declined marginally to ₹306 crore in January-March quarter from loss of ₹309 crore in the same period last year.

Its revenue from operations declined 5% to ₹308 crore from ₹323 crore in the year-ago period.

As of 11:49 am, Tata Teleservices shares traded 7.91% higher at ₹74.51, outperforming the BSE500 index which was down 0.66%.

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About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.