MTNL Share Price Today: Shares of Mahanagar Telephone Nigam Ltd (MTNL) rose sharply in Monday's session after the state-run telecom operator said its board had approved the sale of a residential property in Mumbai's Bandra Kurla Complex (BKC), aiding sentiment around the stock despite its stretched financial position.
The stock climbed as much as 9.3 per cent to an intra-day high of Rs 39.51 on the BSE. At 10:51 am, MTNL was trading 8.38 per cent higher at Rs 39.17, even as the benchmark Sensex declined 0.52 per cent, indicating stock-specific buying interest.
The property is located at MMRDA Plot No. R-4, Bandra (East), Mumbai, with a plot area of 2,680 square metres and a built-up area of 4,019.02 square metres.
The transaction will be carried out as a Government-to-Government (G2G) direct sale for a consideration of Rs 350.72 crore. Nabard will bear stamp duty, registration charges and other incidental expenses, while MTNL will be responsible for clearing all dues related to the property prior to the transfer, including the NLMC fee.
The company said the disclosure was made under Regulation 30 of the Sebi Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
The asset sale comes against the backdrop of MTNL's ongoing financial stress. On December 12, 2025, the company in a filing disclosed continued defaults on repayment of principal and interest to a consortium of banks, extending a series of disclosures first made in July 2024.
MTNL's total overdue bank dues stood at Rs 8,957.44 crore as on November 2025 which includes Rs 7,794.34 crore in principal and Rs 1,163.10 crore in interest. The dues are owed to lenders including State Bank of India, Union Bank of India, Punjab National Bank, Bank of India, UCO Bank, Punjab & Sind Bank, and Indian Overseas Bank. These loans were classified as non-performing assets between August 2024 and February 2025.
At current levels, MTNL has a market capitalisation of Rs 2,467.71 crore. The stock's 52-week high stands at Rs 58.65, while its 52-week low is Rs 34.04.
