Mahanagar Telephone Nigam Shows Resilience Amid Broader Market Decline

Mahanagar Telephone Nigam, a small-cap player in the telecommunication service provider industry, has shown significant activity today, gaining 7.12% as of April 1, 2025. The stock outperformed its sector by 4.76%, reaching an intraday high of Rs 46.71, marking an increase of 8.38% during the trading session.
In terms of moving averages, Mahanagar Telephone Nigam's stock is currently above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. This indicates a mixed performance in the short to medium term.

In the broader market context, the Sensex has experienced a sharp decline, falling 705.85 points to 76,176.73, reflecting a negative opening and an overall drop of 1.6%. Despite this downturn, Mahanagar Telephone Nigam's performance over various time frames remains noteworthy. Over the past month, the stock has gained 10.37%, and over the past year, it has increased by 34.32%, significantly outperforming the Sensex, which has only risen by 2.93% in the same period.