MTNL shares soared by 12.67% to reach ₹48.72 on the National Stock Exchange (NSE) today following the telecom company’s announcement of earnings amounting to ₹2,135 crore from land and building monetisation up to January 2025.
Opening at ₹46.30, which was significantly higher than the previous close of ₹43.24, the stock achieved an intraday high of ₹51.18 during Thursday’s trading session.
Investor response was strong, with robust trading volumes, as MTNL’s monetisation efforts were positively received. The state-owned telecom operator has been strategically leveraging its extensive real estate holdings as part of its broader financial plan.
Operating primarily in Mumbai and Delhi, MTNL has faced financial challenges in recent years due to tough competition in the telecom sector and high operational costs.
The company’s monetisation initiative seems to be paying off, potentially enhancing its balance sheet.
Published on March 13, 2025.
