Shares of TTML (TTML), the subsidiary of Tata Group founded by Ratan Tata, have once again seen a big jump. Today the shares of the company registered a rise of more than 12 percent and reached the day’s high of Rs 80.13. In the last five years, this share has increased from Rs 2.45 to this level, and during this period it has given excellent returns of more than 3100 percent to the investors.
This is the same stock, which reached its all-time high of Rs 291 on January 11, 2022. After this, its decline started. In the last one year, shares of this company of Ratan Tata have given negative returns of more than 9 percent. However, with today’s surge, it has achieved impressive returns of about 17 percent in the last five days. Its 52 week highest price is Rs 111.40 and lowest price is Rs 65.05. Today at 9:40 am it was trading at Rs 98.84, up 11 percent.
Optimistic outlook:
According to GRMbulls.com, the short-term share price of TTML is estimated to be between ₹96 and ₹111.40 by 2025. For the long term, the company’s target price is expected to reach ₹145 to ₹180 by 2030. Behind this optimistic outlook is TTML’s operational improvements, strategic market position and rapidly changing market sentiment. With downside risks limited, analysts expect the company’s price to remain above ₹89.
