MTNL Sees Surge in Trading Activity and Investor Participation in Telecom Sector

Mahanagar Telephone Nigam Ltd (MTNL) has emerged as one of the most active stocks today, with a total traded volume of 25,027,483 shares and a total traded value of approximately Rs 13,604.94 lakhs. The stock opened at Rs 53.4 and reached an intraday high of Rs 55.5, reflecting a gain of 4.99% during the trading session. Currently, MTNL is trading at Rs 54.04, marking a 2.31% increase for the day.
In terms of performance, MTNL has outperformed its sector by 3.54% and has shown consistent growth over the past three days, accumulating a total return of 9.11%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Notably, the delivery volume on June 11 reached 84.04 lakhs, a significant increase of 148.64% compared to the 5-day average delivery volume, suggesting rising investor participation.

With a market capitalization of Rs 3,407.04 crore, MTNL continues to demonstrate liquidity, supporting trade sizes of approximately Rs 1.49 crore. Overall, the stock's performance today highlights its active trading status and positive momentum within the telecom services industry.