TTML rebounds sharply as quarterly loss narrows

TTML rebounds after Q2 FY27 loss narrows, with support at ₹31.50 and resistance at ₹41.25 in focus. Tata Teleservices (Maharashtra) Limited [

] reportedly hit the 20% upper circuit on 22 October 2026, with support at ₹31.50 and resistance at ₹41.25. The rebound follows a recent decline marked by lower highs and lower lows. If confirmed, the move suggests buying interest emerged at lower levels and interrupted the bearish structure. The stock reportedly recovered six weeks of losses in one session, but this comparison remains unverified. A possible catalyst is the company’s Q2 FY27 results announced on 22 October. Standalone revenue rose 8.2% year on year to ₹309.65 crore, while net loss narrowed to ₹59.20 crore from ₹320.82 crore a year earlier. TTML remains loss-making, so financial risks persist. What next: ₹31.50 is the key support level. Holding above it may help sustain the rebound. ₹41.25 is the next resistance reference. A move toward this level would require follow-through buying, while a break below support could weaken the recovery. DISCLOSURE: I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.