Tata Teleservices (Maharashtra) down on overload

Tata Teleservices (Maharashtra) (TTML) slumped 4.38% to Rs 27.30 after NSE barred fresh F&O positions in the counter.NSE said the TTML counter in the derivatives segment had crossed 95% of the marketwide position limit.The TTML counter saw volumes of 42.31 lakh shares on BSE

After market hours on 15 May 2007, TTML posted lower net loss of Rs 51.38 crore in Q4 March 2007 versus net loss of Rs 104.51 crore in Q4 March 2006. Net sales rose 23.90% to Rs 380.43 crore (Rs 307.10 crore).

TTML's lowered its net loss to Rs 316.09 crore in the year ending March 2007 versus net loss of Rs 493.81 crore in FY 2006. Net sales edged higher by 28.50% to Rs 1406.98 crore (Rs 1095.13 crore).

The Tata group has raised its stake in TTML from 65% in March 2006 to 68% in March 2007.TTML, a subsidiary of the group's flagship telecom company Tata Teleservices (largest shareholder in the company with 39.48% holding), provides telecommunication services in Goa and Maharashtra including Mumbai.