Mahanagar Telephone Nigam Ltd. (MTNL) is currently trading at its upper limit of ₹56.47, marking an increase of 2.68 points or 4.98% from its previous close of ₹53.79 on the BSE.

The stock opened at ₹56.28 and fluctuated between a high of ₹56.47 and a low of ₹55.30 during the session. A total of 1,086,817 shares have been exchanged so far.

This BSE group 'A' stock, with a face value of ₹10, reached a 52-week high of ₹101.88 on July 29, 2024, and a 52-week low of ₹23.37 on September 13, 2023. Over the last week, the stock has seen a high of ₹58.43 and a low of ₹53.35. The company's current market capitalization stands at ₹3,557.61 crore.

The company's promoter group holds 56.25% of the shares, while institutional and non-institutional investors own 14.01% and 29.73%, respectively.

MTNL has signed a Memorandum of Understanding (MoU) with NBCC (India) Ltd. to develop a prime 13.88-acre land parcel in Janakpuri, New Delhi. The agreement, signed on September 11, 2024, aims to transform the land into a modern residential and commercial hub, combining the strengths of both organizations.

MTNL, originally established by the Government of India, focuses on enhancing telecom services, expanding networks, and introducing new services in key cities like Delhi and Mumbai, while generating revenue for the nation's telecom development.