Mahanagar Telephone Nigam Ltd Sees Surge in Trading Activity and Investor Participation

Mahanagar Telephone Nigam Ltd (MTNL) has emerged as one of the most active stocks in the equity market today, particularly in terms of trading value. The company, operating within the telecommunication service provider industry, has seen a total traded volume of approximately 37.9 million shares, translating to a total traded value of around Rs 1,867.49 million.
The stock opened at Rs 46.3, reflecting a gain of 7.08% from the previous close of Rs 43.24. Throughout the trading session, MTNL reached an intraday high of Rs 51.18, marking an increase of 18.36%. The stock has demonstrated a notable performance, outperforming its sector by 13.22% and achieving a consecutive gain over the last two days, with returns of 20.09% during this period.

Investor participation has also risen, with a delivery volume of 1.68 million shares on March 12, which is an increase of 82.66% compared to the five-day average. The stock's liquidity remains robust, accommodating trade sizes of Rs 0.31 million based on 2% of the five-day average traded value. Overall, Mahanagar Telephone Nigam Ltd has shown significant activity and performance metrics that highlight its current market position.