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

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 3:20 PM, the stock traded 17.72 per cent higher at ₹56.08.