I write about stocks when I find something interesting, I am not a stock analyzer or stock market advisor. So this time I am writing about Tata Teleservices (Maharashtra) Ltd which is very interesting stock. A stock which has decreasing profits YoY( Year on Year) yet trading high on share market.
I heard about Tata Teleservices (Maharashtra) Ltd (TTML) while I was talking to one of my acquaintance , he simply said but when it is low and sell when it is high. Sine he mentioned , I gradually started following this stock , and I was wondering why ?? This company had made losses YoY and no new business as such, yet the stock is trading high and low. A perfect stock to do the swing trade, but I was curious why??
So, I started doing a little research on this company , you know am a fan of TATA companies so I know I will buy , but my question was all about why it is trading high and low. Knowing more about the company TTML is subsidiary company of TATA which deals with the tele communication, broadband and cloud services .
Even though the company is making loss consecutively , this company has lots of assets like tower stations and other tele communication assets which can be worth more during a take over bid. Since there is a huge asset classification the cartels are playing their game in the stock market. So you think its risky ??? well if you are looking for a long term returns it will give you long term.
If you looking to swing trade its better to follow the swing and get in and out carefully where you will make some quick money.
The Bull and bear cartels are running the show of this stock in the market, so buy when its low and sell when its high just like a normal trader and convert your profit to a dividend paying share . Well that what I am going to do.
Stay tuned…
