Recent Price Movement and Market Comparison
MTNL’s share price has underperformed significantly against key market benchmarks. Over the past week, the stock declined by 5.08%, while the Sensex gained 0.79%. This negative momentum extended over the last month with a 6.51% drop for MTNL compared to a 0.95% rise in the Sensex. Year-to-date, the stock has fallen sharply by 22.49%, in stark contrast to the Sensex’s 9.08% gain. Even over a one-year horizon, MTNL’s shares have declined by 8.23%, whereas the broader market index advanced by 10.47%. These figures highlight the stock’s persistent underperformance relative to the market.
MTNL’s current price is also perilously close to its 52-week low of ₹37.49, being just 3.97% above this level. This proximity to the annual low ...
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