Stock market today, Feb. 10 -- Shares of telecom public sector undertaking (PSU), Mahanagar Telephone Nigam Limited (MTNL), zoomed nearly 10% in trade on Monday, February 10 following reports that the Union Cabinet, at its meeting last week, has approved funding of nearly Rs.6,000 crore for BSNL for 4G expansion.

According to a report by The Economic Times, this funding will be utilised to fund capex by BSNL and MTNL, thus sparking a rally in the shares of the latter.

More to come...

Published by HT Digital Content Services with permission from MINT....