MTNL share price surges 10% on likely Cabinet nod for ₹6,000 crore package for 4G expansion | Stock Market News
Source: Live Mint
Stock market today: Shares of telecom public sector undertaking (PSU), Mahanagar Telephone Nigam Limited (MTNL), zoomed nearly 10% in trade on Monday, February 10 following reports that the Union Cabinet, at its meeting last week, has approved funding of nearly ₹6,000 crore for BSNL for 4G expansion.
According to a report by The Economic Times, this funding will be utilised to fund capex by BSNL and MTNL, thus sparking a rally in the shares of the latter.
