MTNL shares surge 20%, hit 3-month high on easing geopolitical tensions

MTNL shares surged 20% to a 3-month high of ₹58.20 on the NSE on Wednesday. The rally comes amid a combination of easing geopolitical tensions and confidence in India’s domestic growth prospects.

The Indian stock market also witnessed a sharp uptrend on Wednesday, June 25, with benchmark indices surging amid supportive global and domestic cues. The Sensex jumped over 750 points during the session, while the Nifty 50 also advanced nearly 1%, reflecting strong investor sentiment. Broader market participation was robust as well—the BSE Smallcap index rose by over a per cent and the Midcap index gained more than half a per cent.

Global sentiment improved after signs of a ceasefire between Israel and Iran, with no fresh escalations reported. Comments from US officials suggesting progress in peace negotiations further buoyed investor confidence.

At the same time, focus has shifted back to India’s economic fundamentals, which remain resilient. The country is expected to maintain strong GDP growth—projected at over 6% in FY26—supported by favourable monsoon forecasts and stable inflation. Monsoon rainfall, as of June 24, has also been 4% above the long-period average, boosting expectations for agricultural output and rural demand.

The telecom company’s consolidated financial results for Q4 showed a marginal improvement in performance on a quarter-on-quarter basis. Revenue remained flat at ₹170 crore, while the company’s EBITDA loss narrowed slightly to ₹122 crore from ₹128 crore in the previous quarter. The net loss also eased marginally to ₹828 crore, compared to ₹836 crore in the preceding quarter.