- By Aditya Pratap Singh
- Thu, 13 Mar 2025 11:18 AM (IST)
- Source:JND
MTNL Share Price : The shares of Mahanagar Telephone Nigam Limited (MTNL) zoomed almost 14% in early trading hours on Thursday, driven by a recent asset monetization announcement. The stock had a significant upward trend, opening at Rs 46.30 and rising to Rs 49.04. At around 11:06 am, the MTNL share price was at the level of Rs 48.43, up 12% against the previous day's closing price of Rs 43.24 on NSE.
Asset Monetization Earned Rs 12,984.86 Crore
BSNL and MTNL, the state-owned telecom companies, have made a total of Rs 12,984.86 crore since 2019 by selling their land, buildings, towers, and fiber assets, according to statistics presented to the Lok Sabha by Minister of State for Communications Pemmasani Chandrasekhar.
BSNL's earnings as of January 2025 were Rs 2,387.82 crore.
MTNL's earnings as of January 2025 were Rs 2,134.61 crore.
MTNL Stock Performance
Gain in 5 days: Almost 15%
One-month change: A 1.92% decline
6-month results: a 17% drop
Return after a year: 48% increase
52 weeks at its peak: Rs 101.93
52-week low: Rs 31.20
MTNL shares are still far from their 52-week high of Rs 101.93, even with the current surge.
No privatisation plan on table
The government has no plans to privatize MTNL or BSNL, Minister Chandrasekhar confirmed in Parliament in response to worries about the practice. Rather, the government is providing new funding to bolster these telecom firms.
Support for the 4G Expansion of MTNL and BSNL
Recently, the government authorized a ₹6,000 crore package for MTNL and BSNL's 4G network expansion, as well as an extra ₹6,982 crore in capital expenditures for BSNL.
Disclaimer: This is only a piece of news about recent development in the stock. Jagran does not advise investing, please do take the expert's opinion before investing.
