Mahanagar Telephone Nigam Ltd Hits Intraday High with 10.13% Surge

Intraday Price Movement and Volatility

MTNL's stock price exhibited significant momentum throughout the trading session, reaching a peak of Rs 32.22, representing a notable 11.03% rise. The day’s closing price reflected a 10.13% gain, underscoring strong buying interest during the session. The stock’s intraday volatility was elevated at 9.63%, calculated from the weighted average price, indicating substantial price fluctuations within the day.

Despite this surge, MTNL’s price remains below its longer-term moving averages, including the 20-day, 50-day, 100-day, and 200-day moving averages, though it has surpassed the 5-day moving average. This suggests that while short-term momentum is positive, the stock has yet to regain its medium- and long-term trend levels.

Comparative Performance Against Sector and Market

MTNL outperformed the Telecom - Services sector by 10.48% on the day, a significant margin that highlights its relative strength within the industry. The broader market, represented by the Sensex, experienced a modest recovery after a negative opening, closing 0.12% higher at 81,633.23 points. MTNL’s 7.51% one-day gain notably exceeded the Sensex’s performance, reflecting its distinct trading dynamics.

Over the past week, MTNL recorded a marginal gain of 0.68%, contrasting with the Sensex’s 0.67% decline. However, the stock’s performance over longer periods remains subdued, with a one-month decline of 15.68% and a three-month drop of 26.08%, both significantly underperforming the Sensex’s respective declines of 4.01% and 3.71%. Year-to-date, MTNL has fallen 13.31%, compared to the Sensex’s 4.21% decline.

Market Context and Sector Dynamics

The broader market environment on 27 Jan 2026 saw the Sensex recover from an initial decline of 100.91 points to close 196.44 points higher. Mega-cap stocks led the gains, while certain indices such as NIFTY MEDIA and NIFTY REALTY hit new 52-week lows. MTNL’s sector, Telecom - Services, experienced mixed activity, with MTNL’s strong intraday performance standing out amid sector volatility.

MTNL also hit a new 52-week low of Rs 28.54 earlier in the session before rebounding sharply to its intraday high. This wide price range within the day highlights the stock’s heightened volatility and active trading interest.

Mojo Score and Rating Update

MTNL currently holds a Mojo Score of 3.0 with a Mojo Grade of Strong Sell, upgraded from Sell on 23 Jul 2025. The Market Cap Grade stands at 3, reflecting its mid-tier market capitalisation status. These ratings indicate a cautious stance on the stock despite the intraday strength observed today.

Technical Indicators and Moving Averages

From a technical perspective, MTNL’s price action today saw it move above the 5-day moving average, signalling short-term positive momentum. However, the stock remains below its 20-day, 50-day, 100-day, and 200-day moving averages, which may act as resistance levels in the near term. The intraday volatility of 9.63% further emphasises the stock’s fluctuating price behaviour during the session.

Longer-Term Performance Overview

MTNL’s longer-term performance presents a mixed picture. Over the past year, the stock has declined by 28.77%, significantly underperforming the Sensex’s 8.32% gain. Year-to-date, the stock is down 13.31%, compared to the Sensex’s 4.21% decline. However, over a five-year horizon, MTNL has delivered a cumulative return of 157.85%, outperforming the Sensex’s 72.19% gain. The 10-year performance remains below the Sensex, with MTNL up 69.57% versus the Sensex’s 233.30% rise.

These figures illustrate the stock’s historical volatility and periods of both strong gains and notable declines, reflecting the dynamic nature of its trading and market positioning.

Trading Activity and Volume Insights

Today’s trading session for MTNL was marked by heightened activity and price swings. The stock’s movement from a 52-week low of Rs 28.54 to an intraday high of Rs 32.22 indicates active participation from market participants. This volatility, combined with the stock’s outperformance relative to the sector and Sensex, underscores the dynamic trading environment surrounding MTNL.

Such intraday swings often attract short-term traders and highlight the importance of monitoring technical levels and volume trends for those tracking the stock closely.

Summary of Key Metrics

To summarise, MTNL’s key intraday metrics on 27 Jan 2026 include:

• Intraday high: Rs 32.22 (+11.03%)


• Day’s closing gain: 10.13%


• Intraday volatility: 9.63%


• New 52-week low hit: Rs 28.54


• Outperformance vs Telecom sector: +10.48%


• Outperformance vs Sensex: +7.39% (day gain difference)

These figures highlight a day of strong price action and volatility for MTNL, setting it apart from broader market movements.

Conclusion

Mahanagar Telephone Nigam Ltd’s stock demonstrated a pronounced intraday rally on 27 Jan 2026, reaching its highest level of the day at Rs 32.22. The 10.13% day gain and significant volatility reflect active trading and a notable deviation from the broader market’s modest gains. While the stock remains below key longer-term moving averages and retains a Strong Sell Mojo Grade, today’s price action underscores a distinct intraday strength within the Telecom - Services sector.

Investors and market watchers will likely continue to observe MTNL’s price behaviour closely, given its volatility and relative outperformance in the current market context.

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