MTNL shares jumped 12.67 per cent to ₹48.72 on the Nationwide Inventory Alternate (NSE) immediately 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 increased 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 have been sturdy as traders responded positively to the state-owned telecom operator’s monetisation efforts. The corporate has been working to leverage its intensive actual property holdings as a part of its broader monetary technique.
MTNL, which operates primarily in Mumbai and Delhi, has struggled financially lately amid intense competitors within the telecom sector and excessive operational prices.
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The monetisation initiative seems to be yielding outcomes, doubtlessly enhancing the corporate’s steadiness sheet.
