This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Indian ADRs to Buy, Sell

Mahanagar Telephone Nigam (MTNL) is a state-owned telecom utility that provides fixed line and other services in Delhi and Mumbai. The telco is 56% owned by the government with approximately 3.5 million fixed lines in service.

MTNL posted a net loss of $135 million during 2010 second quarter against a marginal profit of around $5 million, attributable to higher staff expenses. Wage revisions implemented during the March quarter of 2010 were responsible for this loss. MTNL currently has 45,000 employees and spent 30% of its revenues during the last fiscal 2009-10 on employee wages.

Operating losses are not a new phenomena. The company has been running at a loss since 2007 and only interest income, on account of excess on its books, has helped MTNL to come into green in the past two years. However, MTNL has spent its excess cash pile for the enrollment of 3G and broadband services, which will not help its profitability going ahead.

2 of 7

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
HDB $56.72 -0.20%
INFY $31.30 -1.60%
IBN $10.19 0.30%
MTE $0.90 0.00%
AAPL $134.32 3.10%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs