Top gainer: Bharat Electronics Limited 281 ▲ 4.4 (+1.61%)
Top loser: Shriram Finance 618 ▼18 (-2.83%)
Shares of MTNL rallied as much as 18.3% to ₹51.18 apiece on the NSE
Shares of Mahanagar Telephone Nigam Limited (MTNL) rallied as much as 18.3% to ₹51.18 apiece on the NSE on Thursday, a day after the Parliament was informed that state-owned telecom firms BSNL and MTNL have earned a total of ₹12,984.86 crore from monetisation of land, buildings, towers, and fibre since 2019. According to data shared by Minister of State for Communications Pemmasani Chandra Sekhar in Lok Sabha, BSNL has earned ₹2,387.82 crore and MTNL ₹2,134.61 crore up to January 2025 from monetisation of lands and buildings.
Shares of Bharat Electronics (BEL) rose as much as 3.24% to hit an intraday high of ₹285.80 on the NSE
Shares of Bharat Electronics (BEL), the Navratna defence public sector undertaking (PSU), rose as much as 3.24% to hit an intraday high of ₹285.80 on the NSE after the company post-market hours on Wednesday informed exchanges that it has signed a contract with the Ministry of Defence worth ₹2,463 crore.
Shares of Coromandel International soared as much as 2.45% to ₹1,805 apiece on the NSE
Shares of the company soared as much as 2.45% to ₹1,805 apiece on the NSE as the company has acquired a majority 53% stake in agrochemical firm NACL Industries Ltd for ₹820 crore. Besides, the company said it would launch an open offer to buy an additional up to 26% of equity. In a regulatory filing on Wednesday, Coromandel International said the board has "approved the acquisition of 10,68,96,146 equity shares of the NACL Industries, representing 53.13% of the paid-up equity share capital.