MTNL share price jumps 20% to hit upper circuit; what’s driving this telecom stock? | Stock Market News

MTNL share price: A day after clocking a solid gain of over 6 per cent, shares of Mahanagar Telephone Nigam (MTNL) surged as much as 20 per cent to hit their upper price band of ₹57.16 in intraday trade on BSE on Wednesday, February 5. MTNL share price opened at ₹54 against its previous close of ₹47.64 and jumped to the level of ₹57.16. Around 12:10 PM, the stock traded 17.74 per cent higher at ₹56.09.

What’s driving MTNL stock price?

Considering today’s high of ₹57.16, the telecom stock has surged almost 28 per cent in the last two sessions. The stock has gained momentum amid asset monetisation buzz.

to come…