Mahanagar Telephone Nigam is currently trading at Rs 18.20, up by 0.20 points or 1.11% from its previous closing of Rs 18.00 on the BSE.
The scrip opened at Rs 18.00 and has touched a high and low of Rs 18.35 and Rs 18.00 respectively. So far 76684 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 45.25 on 30-Aug-2012 and a 52 week low of Rs 17.70 on 22-Mar-2013.
Last one week high and low of the scrip stood at Rs 20.95 and Rs 17.70 respectively. The current market cap of the company is Rs 1134.00 crore.
The promoters holding in the company stood at 56.25% while Institutions and Non-Institutions held 23.56% and 15.90% respectively.
Mahanagar Telephone Nigam (MTNL), the state owned telecom firm which operates in Delhi and Mumbai, has received an approval for the proposal for raising non convertible debentures in the form of bonds worth Rs 3,000 crore for a period of 10 years guaranteed by the Government of India. The board of company at its meeting held on March 25, 2013 has approved for the same.
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.
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