Mtnl share price: Today, 13 March 2025 is witnessing a great rise in the shares of Telecom Company Metropolitan Telephone Corporation Limited (MTNL). Today, MTNL’s stock rose by more than 18 per cent to cross Rs 51. While it closed at Rs 43 on March 12. MTNL’s stock is currently trading around Rs 50. With this, investors of MTNL have benefited by Rs 500 crore today.
Market cap crosses 3200 crores
When the share of MTNL crossed Rs 51 today, the company’s market cap reached Rs 3232 crore. Whereas on March 12, it closed close to Rs 2730 crore. In this context, today investors have earned around 500 crore rupees due to the rise in the stock.
50 percent weaker than 1 year high
MTNL shares are still trading at about 50 percent discount from their one year high. On 29 July 2024, the stock reached Rs 101.88, which is a one -year high. Right now the stock is close to 51 rupees. However, in the last 5 years, the return of the stock has been around 600 percent.
Why the sharing in the share
Minister of State for Communications Pemmasani Chandrashekhar shared data in the Lok Sabha, according to which from 2019 to January 2025, MTNL has earned Rs 2,134.61 crore from asset monetization. While BSNL has earned Rs 2,387.82 crore. These earnings have been sold by selling land, buildings, towers and fiber of both companies. Chandrashekhar said in a written reply that BSNL and MTNL are doing emination of only the land and building assets that do not need their own use in the near future and for whom they have the right to transfer the ownership.
