One can buy TTML for short term target of 23-25. The recent deal can create a good buying pressure in this counter. DOCOMO has made an open offer to buy out 20% stake in TTML. Ones the deal is fixed this stock can go up to 25 in a short term period.
Tata Tele Services Ltd (TTSL) has already signed the aggrement, under which DOCOMO will acquire 26 per cent of TTSL’s stock for approximately Rs 13,070 crore.
