MTNL skyrockets 18%: 4 factors fueling the rally are …

Mahanagar Telephone Nigam (MTNL) share price surged 18% in early trade, touching a three-week high of Rs 51.20. This rally in the stock price of the company came after the positive development surrounding the company’s finances and government support.

But what exactly triggered the rally? Let’s take a look at the key reasons behind the sudden surge in the share price of MTNL.