This PSU telecom stock has zoomed 110% in 2 weeks; hits over 14-year high

MTNL share price update: Shares of Mahanagar Telephone Nigam Limited (MTNL) hit an over 14-year high of Rs 88.06, gaining 5 per cent on the BSE in Wednesday’s intraday trade. The market price of state-owned telecom – cellular & fixed line – services provider was trading at its highest level since January 2010. MTNL stock had hit a record high of Rs 390 on February 14, 2000.

Till 01:51 PM, a combined 8.84 million shares had changed hands and there were pending buy orders for 7.59 million shares on the NSE and BSE. In comparison, the BSE Sensex was down 0.6 per cent at 79,957.