India's Mahanagar Telephone Nigam rises on property sale
16/12/2025 05:34
** Shares of Mahanagar Telephone Nigam Ltd MTNL.NS rise as much as 9.4% to 39.58 rupees ** Co approved sale of residential property at Mumbai for 3.51 billion rupees ($38.7 million) ** Stock on track to snap two consecutive days of losses ** More than 5.9 million shares traded, as of 10:58 A.M. IST, 4.4x their 30-day moving avg ** MTNL last up 7.9%, cutting YTD losses to 28.1% ($1 = 90.8125 Indian rupees) (Reporting by Meenakshi Maidas in Bengaluru) ((meenakshi.maidas@thomsonreuters.com;))
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