surged nearly 12 per cent in afternoon trade on Tuesday, reaching ₹54.43 from the previous close of ₹48.69. The stock hit an intraday high of ₹54.68, with trading volumes swelling to over 81 lakh shares, significantly above typical levels.
The telecom services provider, which operates under the Tata Tele Business Services brand, has seen its stock climb into the top gainers list on the National Stock Exchange. Buy orders dominated at 66 per cent versus 33 per cent sell orders as of early afternoon. However, no specific corporate announcement or material development has emerged to explain the rally.
Last week, the company issued a clarification to the stock exchange regarding unusual trading volumes, stating it had made all necessary disclosures and was not aware of any undisclosed price-sensitive information. The company provides enterprise connectivity and digital solutions to around 800,000 subscribers in Maharashtra and Goa.
The stock remains volatile, having touched a 52-week low of ₹44.52 earlier this month and a high of ₹86.60 in December 2024. Year-to-date, TTML shares are down approximately 30 per cent.