Mahanagar Telephone Nigam (MTNL) is currently trading at Rs. 20.55, up by 0.20 points or 0.98 % from its previous closing of Rs. 20.35 on the BSE.
The scrip opened at Rs. 20.50 and has touched a high and low of Rs. 20.65 and Rs. 20.40 respectively. So far 86260 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 27.50 on 25-Apr-2017 and a 52 week low of Rs. 15.00 on 22-Nov-2016.
Last one week high and low of the scrip stood at Rs. 22.10 and Rs. 20.30 respectively. The current market cap of the company is Rs. 1297.80 crore.
The promoters holding in the company stood at 56.93%, while institutions and non-institutions held 22.07% and 20.99% respectively.
MTNL has asked the government to extend the validity of its mobile licence for the lucrative circles of Delhi and Mumbai by two more years till 2021, at no extra cost. The company has argued that its mobile licence for the two service areas remained underused in the first four years of the permit's lifespan, for various reasons.
MTNL was set up by the Government of India to upgrade the quality of telecom services, expand the telecom network, and introduce new services and to raise revenue for telecom development needs of India's key metros -- Delhi and Mumbai.
| Company Name | CMP |
|---|---|
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| Vodafone Idea | 9.62 |
| Indus Towers | 412.35 |
| Tata Communications | 1521.05 |
| Bharti Hexacom Ltd. | 1538.30 |
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