Mahanagar Telephone Nigam Ltd Experiences Notable Stock Volatility Amid Sector Outperformance
Mahanagar Telephone Nigam Ltd, a small-cap telecom provider, experienced notable trading activity on January 20, 2025, with a significant intraday rise and volatility. The stock has shown a 13.06% increase over the past five days, although it remains below several longer-term moving averages.
Mahanagar Telephone Nigam Ltd, a small-cap telecommunications service provider, has shown significant activity today, gaining 9.7% on January 20, 2025. This performance outpaced its sector by 3.01%, contributing to a notable 13.06% increase over the past five days. The stock opened with a 2.01% rise and reached an intraday high of Rs 49.08, marking a peak increase of 4.89%. It displayed considerable volatility, with an intraday fluctuation of 9.38% based on the weighted average price.
In terms of moving averages, Mahanagar Telephone Nigam is currently above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the last month, the stock has experienced a decline of 2.80%, contrasting with a slight decrease of 1.76% in the Sensex.
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