GTL Infrastructure Limited share: Investors are attracted to the shares of GTL Infrastructure Limited, a company related to the telecom sector. This stock has been in upper circuit of 5% continuously in the last week. The share had closed at Rs 3.96 a day earlier, which reached Rs 4.15 on Friday. This is also the 52-week high of the stock. In August 2023, this share 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, promoters hold 3.28 percent stake. Apart from this, public shareholders hold 96.72 percent stake.
LIC has a big stake
Life Insurance Corporation of India (LIC), India’s largest insurance company, also has a stake in GTL Infrastructure Limited. LIC has 3.33% stake in this company. Apart from LIC, many big government and private banks have also invested in this company. For example, Union Bank of India holds 12.07% stake. Similarly, Central Bank of India holds 7.36% and Bank of Baroda holds 5.68%. Apart from this, Indian Overseas Bank holds 5.23% stake while Canara Bank and ICICI Bank hold 4.05% and 3.33% stake respectively.
about the company
GTL Infrastructure Limited is a leading telecom tower company in India, which provides different types of telecom services. With a vast network of over 28,000 telecom towers operating across 22 telecom circles in India, GTL Infra is known for its high network availability and uptime.
Talking about the March quarter results, the company made sales of Rs 331.1 crore, which is 12.4 percent less as compared to the sales of Rs 377.87 crore a year ago. The company recorded a loss of Rs 214.7 crore.
