Mahanagar Telephone Nigam (MTNL) is currently trading at Rs. 23.40, up by 0.95 points or 4.23% from its previous closing of Rs. 22.45 on the BSE.
The scrip opened at Rs. 24.00 and has touched a high and low of Rs. 24.25 and Rs. 23.30 respectively. So far 1164525 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 25.70 on 07-Feb-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. 23.75 and Rs. 22.10 respectively. The current market cap of the company is Rs. 1493.10 crore.
The promoters holding in the company stood at 56.95%, while Institutions and Non-Institutions held 22.06% and 20.99% respectively.
MTNL has received income tax refund from Income Tax (IT) Department for the Assessment Year 2006-07, amounting to Rs 224.43 crore, which includes Rs 57.03 crore towards interest on refund.
From the above refund an amount of Rs 8.38 crore has been adjusted against the demand for the A.Y. 2009-10 and a net cheque amounting to Rs 216.05 crore has been received for the A.Y.2006-07.
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.