Moneycontrol
Last Updated : Apr 01, 2013 12:05 PM IST | Source: Moneycontrol.com

MTNL raises Rs 1000cr via bonds, stock up 5%

MTNL was up 5.7% on Monday after the company raised over Rs 1,000 crore through bonds backed by sovereign guarantee from institutional investors.

 
 
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Mahanagar Telephone Nigam (MTNL) was up 5.7% on Monday as the company raised over Rs 1,000 crore through bonds backed by sovereign guarantee from institutional investors.

At 11:54 hrs Mahanagar Telephone Nigam was quoting at Rs 19.35, up Rs 0.95, or 5.16%. It has touched an intraday high of Rs 19.80 and an intraday low of Rs 18.20.
 
It was trading with volumes of 372,493 shares, compared to its five day average of 549,753 shares, a decrease of -32.24%.
 
In the previous trading session, the share closed up 1.66% or Rs 0.30 at Rs 18.40.
 
The share touched its 52-week high Rs 45.25 and 52-week low Rs 17.70 on 30 August, 2012 and 22 March, 2013, respectively.
 
Currently, it is trading 57.24% below its 52-week high and 9.32% above its 52-week low.

First Published on Apr 1, 2013 12:05 pm
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