Tata Teleservices is currently trading at Rs. 8.39, up by 0.04 points or 0.48% from its previous closing of Rs. 8.35 on the BSE.
The scrip opened at Rs. 8.30 and has touched a high and low of Rs. 8.54 and Rs. 8.30 respectively. So far 99816 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 14.82 on 05-Jul-2012 and a 52 week low of Rs. 7.40 on 26-Mar-2013.
Last one week high and low of the scrip stood at Rs. 8.64 and Rs. 8.08 respectively. The current market cap of the company is Rs. 1593.65 crore.
The promoters holding in the company stood at 77.72% while Institutions and Non-Institutions held 0.77% and 21.51% respectively.
Tata Teleservices, India's sixth-biggest mobile phone firm by users has decided to surrender the large share of its CDMA mobile airwaves. With this initiative, the entity aims to exhibit its protest against the Government's decision to impose a one-time fee on its frequencies, providing yet more evidence of the diminishing potential of a sector once hailed as a poster-child of liberalization.
The company has informed the government that, it will surrender all airwaves beyond the 2.5 MHz limit in 15 regions, with the exception of Delhi and Mumbai, where it will retain 3.75 MHz by paying the surcharge. In December, the Cabinet had approved a one-time fee on all airwaves held by incumbent operators and this payment is applicable on all airwaves held by mobile firms, except startup spectrum of 2.5 MHz. With this decision the industry may have to shell out about Rs 28,000 crore towards this charge.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1730.95 |
| Vodafone Idea | 6.81 |
| Indus Towers | 334.10 |
| Tata Communications | 1578.25 |
| Bharti Hexacom Ltd. | 1447.70 |
| View more.. | |
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