MTNL stock hits 13-year high, up 31% in 4 days; check why

Shares of Mahanagar Telephone Nigam Limited (MTNL) hit an over 13-year high at Rs 54.89, as they rallied 12 per cent on the BSE in Tuesday’s intra-day trade amid heavy volumes. The buying at the counter was attributed to reports that the government was considering the option of handing over operations of telecom company to Bharat Sanchar Nigam Limited (BSNL). A final call on this is likely to be taken in a month’s time.