Shares of MTNL (Metropolitan Telephone Corporation Limited), priced below Rs 50, took a tremendous flight on Thursday. In early trade itself, up to 14% bumpers saw a boom. BSNL and MTNL have a thick earning from the montage of assets behind this bounce.
MTNL and BSNL earned ₹ 12,984.86 crore from 2019
In the Lok Sabha, Minister of State for Communications Pemmasani Chandrashekhar on Wednesday revealed that from 2019 to January 2025, BSNL and MTNL have grossed ₹ 12,984.86 crore from the monetization of land, buildings, tower and fiber.
- BSNL raised ₹ 2,387.82 crore from the sale of land and buildings.
- MTNL similarly received revenue of ₹ 2,134.61 crore.
Samanas sent by New York Court will reach Ahmedabad residence in Adani
Mtnl share price trend
- On Thursday, MTNL shares opened at ₹ 46.30 and reached ₹ 49.04.
- The stock has climbed 15% in the last 5 days.
- However, it had declined by 1.92% in the last 1 month.
- In 6 months, this stock has been broken more than 17%, but has given more than 48% returns in 1 year.
- 52 weeks high: ₹ 101.93
- Low 52 weeks: ₹ 31.20
BSNL and MTNL will not be privatized
- Minister of State for Communications Pemmasani Chandrashekhar clarified in Parliament that the central government is not going to privatize BSNL and MTNL.
- Last month, the government approved an additional capital expenditure scheme of ₹ 6,982 crore for BSNL.
- The government sanctioned ₹ 6,000 crore for expansion of BSNL and MTNL’s 4G network.
