MTNL moved up 2.89 per cent to Rs 167.50 on income-tax refund of Rs 1,461.68 crore. The scrip had hit a high of Rs 171 and a low of Rs 161. It had touched a 52-week high of Rs 175.70 on January 29 and a 52-week low of Rs 124 on December 12, 2006.
On the BSE, 14.12 lakh shares were traded on the counter on Monday. The scrip had an average daily volume of 6.68 lakh shares in the last quarter.