MTNL drops after reverse turnaround in Q4
MTNL fell 1.41% to Rs 20.95 at 10:03 IST on BSE after the company reported net loss of Rs 634.80 crore in Q4 March 2017 compared with net profit of Rs 188.64 crore in Q4 March 2016.
The result was announced after market hours yesterday, 30 May 2017.Meanwhile, the S&P BSE Sensex was up 21.28 points, or 0.07% to 31,180.68. The S&P BSE Small-Cap index was up 131.97 points, or 0.88% to 15,056.01.
On the BSE, 1.18 lakh shares were traded in the counter so far, compared with average daily volumes of 8.19 lakh shares in the past one quarter. The stock hit a high of Rs 21.05 and a low of Rs 20.55 so far during the day. The stock hit a 52-week high of Rs 27.50 on 25 April 2017. The stock hit a 52-week low of Rs 15 on 22 November 2016.
The small-cap company has equity capital of Rs 630 crore. Face value per share is Rs 10.
MTNL's total income fell 2.97% to Rs 963.12 crore in Q4 March 2017 over Q4 March 2016.
State-run MTNL provides telecommunication services. The Government of India currently holds 56.25% stake in MTNL (as per the shareholding pattern as on 31 March 2017).
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