India's Tata Teleservices jumps as Q2 loss narrows on lower finance costs

Tata Teleservices (Maharashtra)

Thu 08:31

** Tata Teleservices (Maharashtra) TTML.NS jumps 11.6% to three-week high of 35.78 rupees
** Co's Q2 loss narrows to 592 million rupees ($6.25 million) from 3.21 billion rupees a year ago, while revenue rises 8.2% to 3.1 billion rupees
** Co says drop in finance costs lead to narrower net loss
** Earnings before interest, tax, depreciation and amortisation rise 17.8% to 1.64 billion rupees 
** More than 85 million shares change hands, ~18x of 30-day average daily volume
** YTD, TTML down 28%



($1 = 94.7675 Indian rupees)

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))