Inventory market in the present day: Shares of telecom public sector endeavor (PSU), Mahanagar Phone Nigam Restricted (MTNL), zoomed practically 10% in commerce on Monday, February 10 following stories that the Union Cupboard, at its assembly final week, has accredited funding of practically ₹6,000 crore for BSNL for 4G enlargement.
In line with a report by The Financial Instances, this funding can be utilised to fund capex by BSNL and MTNL, thus sparking a rally within the shares of the latter.
