MTNL Stock Declines by -5% on July 30, Rated as 'Sell' by MarketsMOJO.

Mahanagar Telephone Nigam Ltd (MTNL) has experienced a decline in its stock price by -5.0% on July 30, 2024. This decline has been reflected in the stock call given by MarketsMOJO, which has rated the stock as 'Sell'. The stock has underperformed the sector by -5.43% today and has been on a consecutive fall for the last 2 days, with a total decline of -9.74% during this period. The stock opened with a gap down of -5% today and touched an intraday low of Rs 87.62 (-5%). It has since traded at this price, showing no range for the day. The stock has also been highly volatile, with an intraday volatility of 99.18% (calculated from weighted average price). Despite this recent decline, Mahanagar Telephone Nigam Ltd is still trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages. However, its performance in the past month has been significantly lower compared to the Sensex, with a return of 107.53% for MTNL and 2.85% for the Sensex. It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone for readers interested in the telecom industry, specifically in the midcap company Mahanagar Telephone Nigam Ltd.