Trending stocks: Mahanagar Telephone Nigam stock falls 1.8%

NEW DELHI: Shares of MTNL traded 1.79 per cent down in Thursday's trade at 11:20 am. Around 10,29,429 shares changed hands on the counter. The stock opened at Rs 8.7 and touched an intraday high and low of Rs 8.7 and Rs 8.0, respectively, in the session so far.

BSNL chairman and managing director PK Purwar has taken over additional charge of Mahanagar Telephone Nigam Limited, a regulatory filing said on Wednesday.

The stock quoted a 52-week high of Rs 19.4 and a 52-week low of Rs 4.45.


Financials
MTNL, incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 533.61 crore) operating in Telecommunications sector.

The company reported Rs 1065.55 crore loss for the quarter ended 31 December, 2019. For the same quarter, the company has reported Consolidated sales of Rs 407.95 crore, up 5.00 per cent from last quarter Sales of Rs 388.53 crore and down 25.25 per cent from last year same quarter Sales of Rs 545.75 crore.

Mahanagar Telephone Nigam key products/revenue segments include telephone services which contributed Rs 1272.67 crore to sales value (64.02 per cent of total sales), cellular services which contributed Rs 277.06 crore to sales value (13.93 per cent of total sales) and other operating revenue which contributed Rs 16.07 crore to sales value (0.80 per cent of total sales)for the year ending 31-mar-2019.

Promoter holding
Promoters held 56.250595 per cent stake in the company as of quarter ended 31st Dec 2019.

Valuation ratio
It quoted a price-to-earnings ratio of -0.13 and price to book value of -0.05.