This Tata Group stock plunged 10% a day after rallying 19% post Q2 results. Do you own?

Shares of Tata Teleservices (Maharashtra) plunged 10% on Friday, a day after rallying around 19% following the Tata Group company’s Q2 earnings announcement.

Tata Teleservices (Maharashtra) shares dropped to Rs 34.24 apiece on NSE on Friday morning, with its market capitalisation falling to nearly Rs 6,740 crore. The stock has overall fallen more than 30% in 2026 so far and 59% in three years.

The company on Thursday reported a net loss of Rs 59 crore for the July-September quarter of the ongoing financial year 2027, lower than the Rs 321 crore net loss reported in the same period last year and Rs 72 crore reported in the first quarter of FY27.


The company’s revenue from operations came in at Rs 310 crore, marking an improvement of 8.4% from Rs 286 crore posted in the corresponding quarter of the previous financial year. In the previous quarter, revenue came in at Rs 301.57 crore, the company said in a regulatory filing.

EBITDA or earnings before interest, tax, depreciation and amortization came in at Rs 165 crore, up from Rs 140 crore in the year-ago period. The figure was flat on a sequential basis.

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Tata Teleservices reported its September quarter results during market hours on October 22, triggering a 19% rally in the stock. However, the shares fell sharply in the following session as investors booked profits.

Alongside its Q2 results, the company announced several appointments. Gaurav Gupta was appointed Additional Director (non-executive and non-independent) with effect from October 23, 2026. Sweety Mamodia will take over as company secretary and compliance officer from November 1, 2026.

The company also appointed Sai Pratyush, Vice President of Strategy, and Vaibhav Ambradkar, General Manager of the Customer Experience Group, as members of its senior management.

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Tata Teleservices Limited operates primarily under the Tata Tele Business Services (TTBS) brand, providing integrated information and communication technology (ICT) and digital connectivity solutions to enterprises, startups and small and medium-sized businesses (SMBs) across India.

Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.