Tata Teleservices gains 6%

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Tata Teleservices gains 6%

At 2:39 pm, Tata Teleservices is quoting at Rs 20.90, up Rs 1.20, or 6.09%. The company is going to invest Rs 3,500 crore on Networks in 2007-08.

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At 2:39 pm, Tata Teleservices is quoting at Rs 20.90, up Rs 1.20, or 6.09%. It has touched an intraday high of Rs 21.45 and an intraday low of Rs 19.30.

The company is going to invest Rs 3,500 crore (Rs 35 billion) on Networks in 2007-08.

The company to hive off tower business into separate company; they are looking for a  partner.

It is trading with volumes of 38,93,864 shares, compared to its five-day average of 23,74,496 shares, an increase of 63.99%.
 
Yesterday the share closed down 2.72% or Rs 0.55 at Rs 19.70.