MTNL shares jumped 12.67 per cent to ₹48.72 on the National Stock Exchange (NSE) today after the telecom company reported earnings of ₹2,135 crore from land and building monetisation up to January 2025.
The stock opened at ₹46.30, significantly higher than the previous close of ₹43.24, and touched an intraday high of ₹51.18 during Thursday’s trading session.
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Trading volumes were robust as investors responded positively to the state-owned telecom operator’s monetisation efforts. The company has been working to leverage its extensive real estate holdings as part of its broader financial strategy.
MTNL, which operates primarily in Mumbai and Delhi, has struggled financially in recent years amid intense competition in the telecom sector and high operational costs.
The monetisation initiative appears to be yielding results, potentially improving the company’s balance sheet.
