Mahanagar Telephone Nigam Ltd Share Price – NSE /  BSE

Telecomm-Service, Small Cap

Mahanagar Telephone Nigam announced that Piyush Ranjan Nishad (DIN:09579746), Independent Director of the Company ceases to be an Independent Director of the Company on completion of his tenure w.e.f. 23 March 2025.

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SEPC Ltd, Data Patterns (India) Ltd, Godfrey Phillips India Ltd and Avenue Supermarts Ltd are among the other gainers in the BSE's 'A' group today, 13 March 2025.

Mahanagar Telephone Nigam Ltd spiked 12.23% to Rs 48.64 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 44.37 lakh shares were traded on the counter so far as against the average daily volumes of 5.07 lakh shares in the past one month.

SEPC Ltd soared 9.36% to Rs 16.82. The stock was the second biggest gainer in 'A' group. On the BSE, 57.41 lakh shares were traded on the counter so far as against the average daily volumes of 13.6 lakh shares in the past one month.

Data Patterns (India) Ltd surged 6.45% to Rs 1690. The stock was the third biggest gainer in 'A' group. On the BSE, 2.03 lakh shares were traded on the counter so far as against the average daily volumes of 93332 shares in the past one month.

Godfrey Phillips India Ltd advanced 5.00% to Rs 5715.9. The stock was the fourth biggest gainer in 'A' group. On the BSE, 14520 shares were traded on the counter so far as against the average daily volumes of 40956 shares in the past one month.

Avenue Supermarts Ltd gained 4.40% to Rs 3833.65. The stock was the fifth biggest gainer in 'A' group. On the BSE, 37729 shares were traded on the counter so far as against the average daily volumes of 13697 shares in the past one month.

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Minister of State for Communications Pemmasani Chandra Sekhar, in a written reply to the Lok Sabha on Wednesday (12 March 2025), provided a breakdown of the revenue earned. BSNL has secured Rs 2,387.82 crore from land and buildings and Rs 8,204.18 crore from telecom infrastructure like towers and fiber. Meanwhile, MTNL has raised Rs 2,134.61 crore from land and buildings and Rs 258.25 crore from telecom assets.

The minister clarified that only non-essential assets that are not required in the foreseeable future are being monetized.

The asset monetization drive aligns with the broader efforts to revive financially struggling state-run telecom firms, ensuring optimal utilization of resources while maintaining operational efficiency.

Following the update, shares of MTNL surged 14.24% to Rs 49.51 today.

MTNL is engaged in providing telecom services in the geographical area of Mumbai and Delhi. As on December 2024, the Government of India held 56.25% in the company. The company's consolidated net loss reduced to Rs 836.07 crore in Q3 FY25 from a net loss of Rs 839.03 crore in Q3 FY24. Revenue from operations declined 11.53% YoY to Rs 170.07 crore in the quarter ended 31 December 2024.

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Mahanagar Telephone Nigam announced that India Ratings and Research has maintained its rating of IND AAA (CE) and Rating Watch with Negative Implications on the company's non-convertible debentures (NCDs).

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