MTNL Share Price NSE BSE India

Today on Wednesday February 14, 2024 MTNL (Mahanagar Telephone Nigam) Share Price go up by 9% and hits Upper Circuit post Weak Q3 Earnings of the year. On the NSE, its shares went up by 9.88% to ₹42.80 each, while on the BSE, they rose by 9.99% to ₹42.81 each.

MTNL Q3 Result Performance

On Tuesday February 13, 2024 MTNL (Mahanagar Telephone Nigam) Shares saw a 7.24% drop to ₹40.08 as the company faced a consolidated net loss of ₹839.03 crore in Q3 FY24, compared to a net loss of ₹775.50 crore in Q3 FY23. Net sales also fell by 15.46% to ₹192.24 crore in Q3 FY24, down from ₹227.41 crore in Q3 FY23.

Share Price Target of MTNL Shares of 2024

MTNL Share Price surged in 2023 and continued with minor consolidations in 2024. If this bullish trend persists, it could surpass the initial target of ₹55.17 and reach the second target of ₹69.20 by year-end.

Share Price Target of MTNL Shares of 2025

Share Price Target of MTNL Shares of 2025 are estimated at ₹80.00 for the initial target and ₹95.03 for the second target, contingent upon favorable macro and microeconomic conditions, as well as industry trends.

Share Price Target of MTNL Shares of 2030

The initial price target for Mahanagar Telephone Nigam Ltd in 2030 is projected to be ₹120.15 and the second target of ₹150.25.

History of MTNL (Mahanagar Telephone Nigam)

MTNL, established by the Government of India on April 1, 1986, aims to enhance telecom services in key metro cities like Delhi and Mumbai. It's the primary fixed-line telecom provider in these areas and offers mobile services in Delhi and Mumbai, including neighboring towns. With an authorized capital of Rs. 800 crores and 63 crores share of Rs.

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The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions.