MTNL's Stock Declines by -7.04% Amidst Underperformance in Telecommunication Sector

Mahanagar Telephone Nigam Ltd (MTNL) is a smallcap telecommunication service provider company. On October 22, 2024, the company's stock lost -7.04% of its value, closing at Rs 48.05 per share. This decline was in line with the overall performance of the telecommunication sector, as MTNL underperformed the sector by -5.16%.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current stock call for MTNL is 'Sell'. This is based on the company's recent performance and market trends.

In the last 2 days, MTNL's stock has been on a downward trend, falling -8.51% in value. On October 22, the stock touched an intraday low of Rs 47.62 (-5.59%). However, it is worth noting that MTNL's stock is currently trading higher than its 200 day moving average, but lower than its 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the overall market performance, MTNL's stock has underperformed the Sensex by -6.94% in the last 1 day and -14.62% in the last 1 month.

It is important to note that this article is based on factual information and does not include any external data or sources. As a smallcap company in the telecommunication industry, MTNL's stock performance may be subject to volatility and investors are advised to do their own research before making any investment decisions.