This PSU telecom stock has zoomed 65% in three weeks, at 4-year high now

The stock of state-owned telecom services provider has rallied 17% to Rs 29.60 on the BSE in intra-day trade, was quoting at its highest level since January 2018

Shares of Mahanagar Telephone Nigam Limited (MNTL) hit an over four-year high of Rs 29.60, on rallying 17 per cent in Tuesday’s intra-day trade amid back of heavy volumes on the BSE. The stock of state-owned telecom services provider was trading at its highest level since January 2018, when it hit a high of Rs 31.25, the BSE data showed.

In the past three weeks, the stock price of MTNL has appreciated by 65 per cent from level of Rs 17.95 on November 30, 2021, as the government announced its plan to sell real estate assets of state-run telecom