India's Tata Tele (Maharashtra) sees best day in over 5 months after Q4 results

Tata Teleservices (Maharashtra)

30/05/2019 05:15

** Shares of Tata Teleservices (Maharashtra) Ltd  TTML.NS 
rise as much as 19.05% to 3.75 rupees, their biggest percentage
gain since Dec. 2018
    ** The telecommunication services provider posts a profit of
5.80 bln rupees ($83.16 mln) compared to a loss of 6.8 bln
rupees last year  urn:newsml:reuters.com:*:nFWN23503J
    ** Co reports an exceptional gain of 5.10 bln rupees
    ** The firm also approves raising of additional funds by
issue of securities/instruments  urn:newsml:reuters.com:*:nFWN235099
    ** About 2.5 million shares change hands in early trade,
compared with the 30-day average of around 773,514 shares
    ** As of Wednesday's close, the stock has fallen 21.2% so
far this year

($1 = 69.7450 Indian rupees)

 (Reporting by Harish Bhaskar in Bengaluru)
 ((Harish.Bhaskar@thomsonreuters.com; +91 9886782831; Reuters
Messaging: harish.bhaskar.thomsonreuters.com@reuters.net))