{"id":135450,"date":"2024-10-07T17:28:25","date_gmt":"2024-10-07T11:58:25","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=135450"},"modified":"2024-10-07T17:28:27","modified_gmt":"2024-10-07T11:58:27","slug":"psu-stock-hits-5-lower-circuit-after-sbi-labels-its-assets-as-non-performing","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/psu-stock-hits-5-lower-circuit-after-sbi-labels-its-assets-as-non-performing\/","title":{"rendered":"PSU stock hits 5% lower circuit after SBI labels its assets as non-performing"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-262149531\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of a telecom service provider hit a 5% lower circuit after being officially classified as a Non-Performing Asset (NPA) by the State Bank of India against a term loan of Rs. 325.52 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2560445980\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Share price variations:&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 3,281.67 crores, <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/MTNL\" target=\"_blank\" rel=\"noreferrer noopener\">Mahanagar Telephone Nigam Limited<\/a> <\/strong>(MTNL) hit the 5% lower circuit, with its stock price falling to Rs. 52.09 from the previous close of Rs. 54.84 per share.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for the Fall:&nbsp;<\/strong><\/h2><p>As per the exchange filing <strong>Mahanagar Telephone Nigam Limited <\/strong>has been officially classified as a Non-Performing Asset (NPA) by the State Bank of India due to due to non-payment of interest and installment against the Term Loan. As of 30.09.202, the total outstanding amount stands at Rs. 325.52 crores.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent Updates:&nbsp;<\/strong><\/h2><p>In September Mahanagar Telephone Nigam Limited entered into a Memorandum of Understanding with NBCC (India) to develop a prominent Land Parcel of MTNL measuring approximately 13.88 acres located on Pankha Road-l Janakpuri, New Delhi.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3256379463\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance:&nbsp;<\/strong><\/h2><p>For Q1FY25 the company reported a net loss of Rs. 773 crores compared to Rs. 852 crores in Q1FY24, while revenue from operations also marked a decrease to Rs. 184 crores from Rs. 199 crores in comparison to the same period. The company has remained as a loss-making firm since 2015.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company:&nbsp;<\/strong><\/h2><p>Mahanagar Telephone Nigam Limited (MTNL) was set up on 1st April of the year 1986 by the Government of India to upgrade the quality of telecom services, expand the telecom network, introduce new services, and raise revenue for the telecom development needs of India&#8217;s key metros, Delhi and Mumbai. The Company provides various types of telecommunication services including Telephone, telex, wireless, data communication, telematic, and other forms of communication.<\/p><p><strong>Written By<\/strong>&#8211; <strong>Joseph Pv\u00a0<\/strong><\/p><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-3704478986\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of a telecom service provider hit a 5% lower circuit after being officially classified as a Non-Performing Asset (NPA) by the State Bank of India against a term loan of Rs. 325.52 crores.&nbsp; Share price variations:&nbsp; With a market capitalization of Rs. 3,281.67 crores, Mahanagar Telephone Nigam Limited (MTNL) hit the 5% lower [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[23227,23228,3601,948,936,2597],"class_list":["post-135450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-mtnl","tag-mtnl-share-price","tag-psu-stock","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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