Tata Teleservices (Maharashtra), RCom, Dena Bank hit 52-week lows

Tata Teleservices (Maharashtra) dipped 15% to Rs 4.25 in intra-day trade, extending its 18% decline in past three trading sessions.

Shares of Tata Teleservices (Maharashtra) and Reliance Communications (RCom) hit their respective 52-week lows on the BSE in an otherwise firm market.

Tata Teleservices (Maharashtra) dipped 15% to Rs 4.25, extending its 18% decline of the last three trading sessions, after the media reports suggested that Tata Teleservices is likely to shut down its operations this month. The stock is trading close to its all-time low of Rs 4 touched on March 26, 2013 on the BSE.

“Tata Teleservices continues to explore all options in respect of its business given the challenging business environment in the telecom industry,”