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The latest update is out from Mahanagar Telephone Nigam Limited ( (IN:MTNL) ).
Mahanagar Telephone Nigam Limited (MTNL) has addressed recent news reports about a Rs 6,000 crore package approved by the Indian government for its 4G expansion, which led to a significant increase in its stock prices. However, MTNL clarified that there is no specific information or decision available to them at this time regarding the package, and they have not disclosed any such information under regulatory obligations, thus it is unable to comment on the material impact of the news on the company.
More about Mahanagar Telephone Nigam Limited
Mahanagar Telephone Nigam Limited (MTNL) is a government enterprise in India, operating in the telecommunications industry. It primarily provides telecommunication services and is focused on expanding its network infrastructure, including 4G services.
YTD Price Performance: 1.58%
Average Trading Volume: 801,751
Current Market Cap: 32.89B INR
For an in-depth examination of MTNL stock, go to TipRanks’ Stock Analysis page.
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