Multibagger returns of 3,111 per cent: Shares of this mid-cap company got locked in upper circuit on April 06

The stock gave returns of 395.90 per cent in 2 years and over 3,111 per cent returns in just 3 years.

On Thursday, the benchmark indices started the day higher. At 11:15 am, BSE Sensex is up by 0.24 per cent to a level of 59,830 and NSE Nifty-50 Index is up by 0.19 per cent to a level of 17,590. 

On the sectoral front, the indices were trading mixed. BSE Telecommunication Index was one of the top performers, up by 0.65 per cent. 

Today, one of the Top Gainers on the BSE Telecommunication Index, shares of Tata Teleservices (Maharashtra) Ltd zoomed 5 per cent upper circuit to Rs 64.22 per share. The shares of the company hit back-to-back upper circuits in recent trading sessions.   

In the latest press release, the company was honoured with Three Prestigious Awards at ET Telecom Award 2023: 

1. Enterprise Service Provider of the Year 

2. Enterprise Digital Transformation of the Year 

3. Best Customer Service Provider 

Tata Teleservices Ltd (TTML) is engaged in the business of wired and wireless telecommunication activities and holds a unified license with access service authorisation in Maharashtra and Goa and also in the internet service provider category. The company is focused on providing various wireline voice, data and managed telecom services.  

TTML has a market cap of Rs 12,554.55 crore. The company is a subsidiary of TATA Group of Companies. 

The stock gave returns of 395.90 per cent in 2 years and over 3,111 per cent returns in just 3 years. Investors should keep an eye on this multibagger stock.