MTNL plunges 4% on block deal

Mahanagar Telephone Nigam (MTNL) plunged on Friday after there was a block deal of over 4% equity shares at Rs 37.40-45.10 per share. Shares ofthe companyare trading at Rs 35.95, down Rs 1.75, or 4.64% at the Bombay Stock Exchange (BSE) on Friday at 9:33 a.m.The scrip has touched an intra-day high of Rs 37.30 and low of Rs 34.60. The total volume of shares traded at the BSE is 1,645,457.In the earlier session, the shares declined 12.63%, or Rs 5.45, at Rs 37.70. Currently, the stock is trading down 20.55% from its 52-week high of Rs 45.25 and above 73.67% over the 52-week low of Rs 20.70.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 40.50 (2.80) (6.91) 1 Month 31.70 6.00 18.93 3 Months 22.15 15.55 70.20 6 Months 32.95 4.75 14.42 1 Year 35.35 2.35 6.65 Note: Based on previous day closing price.