Stock of Interest

Posted On: July 31, 2023

Stock Report: MTNL(NSE) 28 July 2023 

Mahanagar Telephone Nigam Limited (MTNL) is a wholly owned subsidiary of Bharat Sanchar Nigam Limited (BSNL) and operates under the ownership of the Department of Telecommunications, Ministry of Communications, Government of India. Its headquarters are in New Delhi, India. Sunil Kumar has been serving as the CEO since July 24, 2019. MTNL was founded by the Government of India on April 1, 1986. The company serves areas in India, Mauritius, and Nepal. 

#xCalData predicts that #MTNL will continue its bearish phase over the next five days and trend within the range of 20 to 18. 

In comparison to the previous month, the price of the stock has experienced a decline of 2.02% indicating a bearish.

The Stock has doubled twice since 07 Sep 2015 and took an average of 2.3 years to double.

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 4 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Aroo Indicates Bullish Trend. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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