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Tata Teleservices slips 1.5% on higher losses

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BS Reporter Mumbai

The stock finally ended the day at Rs 23, down 1.5%.  The counter witnessed trades of 504,590 shares on the BSE throughout the day.
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Updated at 1014

Tata Teleservices declined 1.7% after announcing it's FY09 results yesterday.

The stock opened down 1.3% at Rs 23.30 and after a brief rise to Rs 23.50, fell to its current trading price of Rs 23.20. Around 43,492 shares have changed hands at the BSE so far.

Tata Teleservices announced to the BSE that the net loss has widened to Rs 159.60 crore for the year ended March 2009 from Rs 125.73 crore for the year ended March 2008. The total income, however, increased 15% to Rs 2053.96 crore this fiscal from Rs 1789.60 crore last fiscal.

 

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First Published: May 12 2009 | 3:58 PM IST

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