Mahanagar Telephone Nigam is currently trading at Rs. 17.86, down by 1.00 points or 5.30% from its previous closing of Rs. 18.86 on the BSE.
The scrip opened at Rs. 18.51 and has touched a high and low of Rs. 18.52 and Rs. 17.10 respectively. So far 1026626 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 24.40 on 15-Mar-2021 and a 52 week low of Rs. 5.55 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 24.40 and Rs. 17.10 respectively. The current market cap of the company is Rs. 1123.92 crore.
The promoters holding in the company stood at 56.25%, while Institutions and Non-Institutions held 14.76% and 27.87% respectively.
Mahanagar Telephone Nigam (MTNL) has lost 8312 customers in January 2021. Following this, the company’s total customer base decreased to 33 lakh with market share of 0.28% in terms of Wireless Subscribers as on January 31, 2021.
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.
