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Mahanagar Telephone Nigam Ltd Spikes 4.08%

Capital Market 

Mahanagar Telephone Nigam Ltd has added 31.03% over last one month compared to 0.5% gain in S&P BSE Telecom index and 0.21% drop in the SENSEX

Mahanagar Telephone Nigam Ltd rose 4.08% today to trade at Rs 16.85. The S&P BSE Telecom index is up 0.85% to quote at 996.78. The index is up 0.5 % over last one month. Among the other constituents of the index, Tata Teleservices (Maharashtra) Ltd increased 2.25% and GTPL Hathway Ltd added 2.03% on the day. The S&P BSE Telecom index went down 40.14 % over last one year compared to the 6.81% surge in benchmark SENSEX.

Mahanagar Telephone Nigam Ltd has added 31.03% over last one month compared to 0.5% gain in S&P BSE Telecom index and 0.21% drop in the SENSEX. On the BSE, 1.04 lakh shares were traded in the counter so far compared with average daily volumes of 2.24 lakh shares in the past one month. The stock hit a record high of Rs 31.25 on 03 Jan 2018. The stock hit a 52-week low of Rs 11.9 on 10 Dec 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 01 2019. 09:30 IST
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