MTNL Stock Drops 7.53% on February 6, Underperforming Broader Market

Feb 06 2025 10:00 AM IST
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Mahanagar Telephone Nigam Ltd (MTNL), a small-cap player in the telecommunications service provider sector, experienced a significant decline in its stock price on February 6, 2025, dropping by 7.53%. This performance underperformed the broader market, with the Sensex showing a minimal decrease of 0.20% on the same day.

The stock’s performance today marked a reversal after two consecutive days of gains. During intraday trading, MTNL reached a low of Rs 52.15, reflecting a decrease of 6.97%. Despite this downturn, MTNL is currently trading above its moving averages for 5-day, 20-day, 50-day, 100-day, and 200-day periods, indicating a mixed technical outlook.


Over the past month, MTNL has shown a positive performance, gaining 7.22%, while the Sensex has only increased by 0.19%. The current stock call for MTNL is categorized as a ‘Strong Sell’ by MarketsMOJO, highlighting the challenges the company faces in the competitive telecommunications landscape.


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Our weekly and monthly stock recommendations are here
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