Tata Teleservices zooms 20% amid volume trade

Tata Teleservices zooms 20% amid volume trade

24/10/2016 12:37

Shares of Tata Teleservices (Maharashtra) spiked 20 per cent and locked in upper circuit on the Bombay Stock Exchange amid surge in volume trade.

In the recently concluded spectrum auction, the company has made a payment of about Rs 2,300 crore to Department of Telecom (DoT) for airwaves it bought, said a PTI report.

Driven by volume trade, shares of company gained as much as 20 per cent in intra-day to trade at Rs 7.50 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company rose 20 per cent to Rs 7.50 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 28,172.45, up 95.27 points, or 0.34 per cent, at 12:40 hours.

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