Mtnl stock price: The market is showing a mood for shopping for the third consecutive day. The Nifty is taking up flat business around 23750. Bank Nifty has a gain of about 300 points. Midcap and smallcap shares are doing better than benchmark index today. But the condition of the rupee is bad. The rupee has reached a record low against the dollar.
MTNL shares have jumped more than 17 percent today on the basis of news on property montage. Also, Union Bank is also bright. The way has been cleared to sell property worth Rs 16 thousand crore from MTNL and BSNL. Different charges and approval to waive fees have been approved, due to which these stocks are in excitement today.
Let us know that the way has been cleared to sell property worth 16 thousand crores of MTNL and BSNL. The Group of Ministers have decided to waive different charges and fees on selling property. The concession has been decided in UEI (UNEARNED Increase) payment, composition fees and ground rent. With the GOM decision, the government will now be able to sell these properties easily. In a special conversation with CNBC Awaaz, Telecom Minister Jyotiraditya Scindia said that proposals are being discussed with the Finance Ministry for the rest of the asset cell.
Good news coming from all sides for banking and NBFC shares, bumper earnings in SBI – pollen
Expert advice on MTNL
Rajesh Satpute of rajeshsatpute.com It was said this morning that on the basis of this news, this stock will go above Rs 48 as soon as it opens. After that the stock can go up to 53. There may be an upper circuit. Stock also made an uppercit hit today, it also proved to be a high of Rs 57.21 in the stock today, this stock is currently getting 8.60 i.e. 18.04 per cent with a gain of 18.04 per cent to Rs 56.28. Stock trading volume is around 63,035,952 shares.
Rajesh believes that Momentum may still remain in stock. If there is this shares, then it will be advisable to remain in it. The next target of stock will be Rs 61. If this target is achieved, the level of Rs 64-65 can also be seen in the stock.