India's Mahanagar Telephone Nigam rises on property sale

About this update from Mahanagar Telephone Nigam Limited

** Shares of Mahanagar Telephone Nigam Ltd NSE:MTNL 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)

View stock analysis, news, and events for Mahanagar Telephone Nigam Limited