MTNL shares jumped 12.67 per cent to ₹48.72 on the Nationwide Inventory Trade (NSE) as we speak after the telecom firm reported earnings of ₹2,135 crore from land and constructing monetisation as much as January 2025.
The inventory opened at ₹46.30, considerably greater than the earlier shut of ₹43.24, and touched an intraday excessive of ₹51.18 throughout Thursday’s buying and selling session.
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Buying and selling volumes had been strong as buyers responded positively to the state-owned telecom operator’s monetisation efforts. The corporate has been working to leverage its in depth actual property holdings as a part of its broader monetary technique.
MTNL, which operates primarily in Mumbai and Delhi, has struggled financially in recent times amid intense competitors within the telecom sector and excessive operational prices.
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The monetisation initiative seems to be yielding outcomes, doubtlessly bettering the corporate’s stability sheet.
