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Tuesday Feb 07, 2023

ttml share of tata group fall from rs 290 to 90 Ratan Tata is the founder of this company


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TTML Share Price Today: RsThe shares of the Tata Group company, which was founded by Tan Tata, have come down from Rs 290.15 to Rs 90. This stock, which gave a bumper return of 1245 per cent in the last 5 years, made investors poor in the last one year. We are talking about TTML.

Investors who invested money at the beginning of 2022 last year have become poor. So far it has given negative returns of more than 60 percent. That is, if someone had invested Rs 1 lakh on January 3, 2022 at the rate of Rs 216.65 per share, then his one lakh would have become less than Rs 40,000.

Read also: In 2023, these 4 good stocks can make strong earnings, include them in your portfolio.

It reached an all-time high of Rs 290.15 on January 11. After this, the process of decline started, then on December 23, 2022, it came down to Rs.82.95.

What does ttml do?

TTML is a subsidiary of Tata Teleservices. This company is the market leader in its segment. The company provides voice, data services. There are many big names in the list of the company’s clients. According to market experts, last month the company has started smart internet based service for companies. It is getting tremendous response, as companies are getting cloud based security services and optimized control with fast internet. Its biggest feature is cloud based security so that the data can be kept safe. Businesses that are running on a digital basis will be greatly helped by this leased line. In this, security arrangements have been made in-built against all kinds of cyber frauds, along with fast internet facility is being provided.

Ratan led Tata Motors to complete acquisition of Ford India manufacturing plant in Jan – Business News India


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Tata Group company Tata Motors through its subsidiary will complete the process of plant acquisition of Ford India. According to the information given by Tata Motors, the process of acquisition of Gujarat-based Sanand plant between subsidiary Tata Passenger Electric Mobility (TPEML) and Ford India Private Limited (FIPL) will be completed on January 10, 2023.

What will come in Tata’s share: Through this acquisition process, Tata Motors will get Ford India’s land, buildings, vehicle manufacturing units, machinery and equipment. Tata Motors said in the stock exchange- The annual capacity of this plant is 3 lakh units and it can be increased to 4,20,000 units. At the same time, in this acquisition process, the jobs of all the eligible employees of the plant will remain intact. Please tell that this deal was worth Rs 725.7 crore.

Let us tell you that the American company Ford had entered the Indian market in the 90s. Ford spent many years trying to make profits in India but could not get success. Last year, the company announced plans to exit India citing a number of reasons, including weak demand, low-cost vehicles from competitors and a failed joint venture with Mahindra.

Attitude was shown to Ratan Tata: It is also interesting that the deal with Tata Motors, the American company which is taking over Ford’s plant in India, was also canceled about 23 years ago. Actually, Ratan Tata wanted to sell his business after the failure of the car division. American car maker Ford showed interest in buying this business. When Ratan went to the headquarters of Tata Ford Motors for the deal, the top executives of the American company tried to make fun of him.

Bill Ford, chairman of Ford Motors, even said that if I deal with this car division, it will be a great favor to you. Ratan Tata canceled the deal for this insult and started promoting Tata Motors. Not only this, Ratan Tata also bought Jaguar and Land Rover, two popular brands of Ford, from the company after a few years. Now once again Tata has bought the plant of this American company in India.

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