India's Mahanagar Telephone Nigam jumps on block deals

Mahanagar Telephone Nigam

13/10/2023 10:08

** Shares of Mahanagar Telephone Nigam  MTNL.NS  rise as
much as 7.31% to 32.30 rupees apiece
    ** Rise after 1.09 mln shares of the telecommunications
services provider change hands in two blocks, in the price range
of 31.80-31.95 rupees apiece, as of 2:31 p.m. IST - LSEG data
    ** Stock most active in over two weeks, with a trading
volume of 34.62 mln shares as of 2:31 p.m. IST, nearly thrice
the 30-day avg 
    ** Stock up ~19% YTD

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))