June 25, 2025: Mahanagar Telephone Nigam Ltd (MTNL), a state-owned telecom service provider, witnessed a significant surge in its share price today, jumping 17.04% to ₹56.64. The stock opened strong and touched an intraday high of ₹57.90 before settling slightly lower. This sharp upmove follows weeks of steady gains and is backed by strong technical indicators.
The stock has gained 27.55% in the past month and 28.25% over the last three months, indicating growing investor interest. Over the past 52 weeks, MTNL has traded between a low of ₹37.49 and a high of ₹101.88.
Key Technical Levels
- Daily Pivot: ₹52.26
- Resistance Levels: ₹55.88 (R1), ₹57.71 (R2), ₹61.33 (R3)
- Support Levels: ₹50.43 (S1), ₹46.81 (S2), ₹44.98 (S3)
Moving averages show a short-term bullish trend, with the 5-day SMA at ₹49.18 and the EMA at ₹48.48. The longer-term SMAs and EMAs are also supportive of this upward trend, reinforcing bullish sentiment.
Sector Comparison
In comparison to its peers, MTNL’s weekly gain of 11.81% outpaces Bharti Airtel’s 4.59%. Over the long term, MTNL has returned 186.49% in three years and an impressive 482.13% over five years, outshining several players in the telecom space.
Investor Outlook
With the stock crossing key resistance levels and outperforming in the short and long term, market analysts are likely to keep MTNL on their radar. However, given the stock’s volatile history, prudent risk management is advised.