MTNL Stock Surge

The recent surge in the share price of Mahanagar Telephone Nigam Ltd (MTNL) has captured the attention of investors and market analysts. Over a short span in July 2024, MTNL’s stock experienced a significant rally, reaching a 15-year high.

Shares of MTNL hit an over 15-year high at Rs 97.08 on July 26, 2024. The stock had surged 81 pc over the previous seven trading days, recovering 174 pc from its previous month low of Rs 35.49 on June 5, 2024. Since its peak, the stock has experienced significant fluctuations.