Connect with us

Business

Tata Teleservices shares locked at lower circuit on AGR interest conversion into equity

Published

on

Tata Teleservices shares locked at lower circuit on AGR interest conversion into equity

Shares of Tata Teleservices (Maharashtra) were locked in 5 per cent lower circuit on the BSE in Wednesday’s intraday trade after the company on Tuesday said it will opt for conversion of the interest related to AGR dues into equity. Tata Teleservices (Maharashtra), shares of which have surged nearly 3,000 % in the last one year, informed that post-conversion, the government holding is expected to be about 9.5 per cent in the company. 

The net present value (NPV) of this interest is expected to be nearly Rs 850 crore as per the company’s best estimates, subject to confirmation by the Department of Telecom, it said in a regulatory filing. 

At 9.30 am, shares of this telecom services provider declined by Rs 14.55 or 5% to Rs 276.50 per share on the BSE on Wednesday. Shares of TTML have surged 473% in three months, 524% in six months and whooping 2712% in the last one year as on January 12, 2022, showed technical data of the telecom share.

Manoj Dalmia, founder and director, Proficient equities Private limited, said TATA Teleservices has given about 3000% return in the last year, but this rally might stop.  

Advertisement

“There is a lot of speculation around this stock daily hitting upper and lower circuits. We might expect the stock to hit the lower circuit as it will create a panic. Tata Teleservices has an AGR due of Rs 16798 crore, out of which Rs 4197 crore has been paid. The initiative seems good as converting such debts is beneficial for both government and company,” said Dalmia.  

On the technical front Tata tele services has higher and higher low on the daily charts and is currently placed above the short-term EMAs in the daily frame, said Ravi Singh, Vice President and Head of Research, ShareIndia.  

“In the recent past after checking a high of 290 levels, the stock has formed a base of around 270 levels on the lower side and is all set to move higher. Overall, chart structure of the counter looks bullish from current level and is witnessing to move towards 320 levels,” he added. 

Complete News Source : Money Control

Advertisement

Lifestyle

10 best activities hacks for the better lifestyle for Business Managers.

Published

on

By

10 best activities hacks for the better lifestyle for Business Managers.

Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.

Mindfulness at Work lifestyle

Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.

Regular Exercise Breaks

Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.

Nutrition and Healthy Eating

Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.

Time Management Workshops

Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.

Skill Development Seminars

Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.

Flexible Work Arrangements

Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.

Social Engagement

Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.

Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.

Pursuing Hobbies and Interests

Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.

Encouraging Employee Wellness

Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.

Group Media Publications
Entertainment News Platforms – anyflix.in      
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
General News Platform – https://ihtlive.com/
Podcast Platforms – https://anyfm.in

Advertisement
Continue Reading
Anyskill-ads

Facebook

[the_ad id="55117"]

Trending