Monday, March 03, 2025 | 09:46 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

MTNL zooms 9% as govt defers merger with BSNL; stock up 26% so far in April

The merger of BSNL and MTNL, approved by the Union cabinet in October 2019, was a part of the revival package for both the telecom companies

MTNL
Premium

SI Reporter New Delhi
MTNL shares zoomed 9 per cent to Rs 26.8 per share on the BSE on Thursday after the government deferred the merger of state-run telecom firms BSNL and MTNL due to financial reasons.

At 10:20 AM, shares of the state-run telco was up 8 per cent at Rs 28.2 apiece on the BSE as against a 0.6 per cent fall in the benchmark Sensex index. About 4.9 million shares had changed hands on the NSE and BSE till the time of writing of this report. With today's gains, the shares have climbed 26 per cent so far in April as against

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in