MTNL up 18%

about 21 days ago

MTNL is the top gainer on the BSE since the opening bell, rising 18% to an intraday high at Rs.51.30, very close to its 20% UC of the day at Rs.52.

MTNL's stock surged primarily due to asset monetization and renewed investor confidence. Here are the key reasons for the spike:

  1. Asset Monetization – MTNL announced that it had raised Rs.2,135 crore by selling land and building assets, improving its financial health.
  2. No Privatization Plans – The government clarified that MTNL would not be privatized, reassuring investors.
  3. Turnaround Hopes – Investors saw the asset sale as a positive step toward reducing debt and strengthening the company’s balance sheet.
44.7 (-0.79)

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