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HomeSHARE MARKET₹4 Share Is Running Like A Rocket; Big Banks, LIC Has Holding...

₹4 Share Is Running Like A Rocket; Big Banks, LIC Has Holding In This Share

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GTL Infrastructure Limited (NSE: GTLINFRA) share: Investors are fond of the shares of GTL Infrastructure Limited, a company related to the telecom sector. 

Last week, this stock hit an upper circuit of 5% continuously. A day earlier, the stock closed at Rs 3.96, which reached Rs 4.15 on Friday. 

This is the 52-week high for the stock. In August 2023, this stock was worth 0.70 paise. 

Let us tell you that this stock has given positive returns in three digits on a period of one year, one month, six months, YTD basis. 

If we look at the shareholding pattern, a 3.28 percent stake is held by the promoters. Apart from this, public shareholders hold a 96.72 percent stake.

LIC Holds A Large Stake

India’s largest insurance firm Life Insurance Corporation of India (LIC) also has a holding in GTL Infrastructure Limited. 

LIC holds a 3.33 percent stake in the company. Apart from LIC, many big government and private banks have also invested in this company. 

For example, Union Bank of India holds a 12.07% stake. Similarly, the Central Bank of India holds 7.36% and the Bank of Baroda holds a 5.68% stake.

Apart from this, Indian Overseas Bank holds a 5.23% stake while Canara Bank and ICICI Bank hold a 4.05% and 3.33% stake respectively.

About The Company

GTL Infrastructure Limited is one of the top telecom tower companies in India offering a range options of services for telecom. 

With a large network of more than 28,000 telecom towers across 22 telecom circles in India, GTL Infra is recognized for its extensive network availability and high uptime.

Talking about the March quarter results, the company posted sales of Rs 331.1 crore, down 12.4 percent compared to sales of Rs 377.87 crore a year ago. 

The company recorded a loss of Rs 214.7 crore.

Disclaimer: This site is only for informational purposes. We do not provide any stoke recommendations or buying advice. We are here to give you the latest news and updates about the share market. We are not responsible for any loss.

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