MTNL stock surged up to 8-11% intraday on heavy volumes after the board approved sale of its Powai plot for around 891 crore rupees as part of asset monetization

Thu 1 Oct 2026

Stock move intraday

8.4 percent

Intraday high move

11 percent

One year stock decline

40 percent

Volume vs 20-day average

12 times

Powai plot sale value

891 crore rupees

Heard on business television between 13:48:02 - 13:51:02 IST.

• Stock rose nearly 8.4% intraday, having touched as much as 11% higher, on volumes about 12 times the 20-day average, highest in 18 sessions.
• Stock still down nearly 40% over the past one year despite today's rally.
• Board approved sale of the Powai sea-facing plot to the Income Tax office (a government entity) for approximately 891 crore rupees, part of the asset monetization scheme decided in FY26.
• Company said the sale helped recover September losses by nearly 15%.
• FY26 total income rose to 1,468 crore rupees from about 1,279 crore rupees; losses narrowed year-on-year, recovering roughly 2,200-2,300 crore rupees.

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