MTNL Share Price : Indian stock markets have been choppy in recent days. The impact of weekly expiry, including global trade tensions and inflation data, are dominating the markets. That is why the domestic market is trading flat, while there are mixed signals from the global market. The Sensex is trading at 74150 and the Nifty is trading at 22500. In the sluggishness of the market, select stocks are in focus on the basis of news. This includes shares of state-owned Mahanagar Telephone Nigam Limited (MTNL), which are showing stormy growth even in a sluggish market.
MTNL Share Price Today
Strong Rise in MTNL Share
The shares of Mahanagar Telephone Nigam Limited (MTNL) made an intraday high of 51.30 on March 13 with a jump of 19%. This is an increase of 50% compared to last year. The stock is currently trading at Rs 48.80 on the BSE.
Why is there a rise in government stocks?
There is a storm in the shares due to positive news about MTNL. The government informed Parliament that MTNL has earned Rs 2, 134.61 crore from asset monetisation. This has led to a rally in the shares. However, it is trading well below its 52-week high of Rs 101.93.
Since 2019, state-owned telecom firms BSNL and MTNL have collectively earned Rs 12, 984.86 crore through asset monetisation, including land, building, tower and fibre assets, according to government data. BSNL, in particular, earned Rs 2, 387.82 crore from these activities.
Earned Rs 12984 crore by selling assets
The government on Wednesday informed Parliament that state-run telecom companies BSNL and MTNL have earned a total of Rs 12, 984.86 crore from monetisation of land, buildings, towers and fibre since 2019. As per the data shared by Minister of State for Communications Pemmasani Chandrasekhar in Lok Sabha, BSNL has earned Rs 2, 387.82 crore and MTNL Rs 2, 134.61 crore from monetisation of land and buildings till January, 2025.
“BSNL and MTNL are monetising only those land and building assets which are not required for their own use in the near future and which they have the right to transfer the ownership of,” Shekhar said in a written reply. “
According to the reply, BSNL has earned Rs 8, 204.18 crore and MTNL Rs 258.25 crore from monetisation of closed assets, including towers and fibre, till January, 2025. “The monetisation of assets is being done as per the approved policy of the government and its impact on PSUs is being closely monitored,” Shekhar said. “
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