Introduction: 1. MTNL, Mahanagar Telephone Nigam Limited, was founded in 1986. It has recently shown a boom in the stock market and its shares have given a return of 250% in the last one year. 2. Still, the financial condition of the company is not good. The company has suffered a loss of Rs 784 crore in FY 2024. 3. Investors are advised to be cautious, as volatility is common in the stock market. One should consult a financial advisor before investing.
MTNL, i.e. Mahanagar Telephone Nigam Limited, is a government company that provides telecom services in Delhi and Mumbai. It was founded in 1986, and in 1997 it also received the status of “Navratna”.
Recently, MTNL shares have seen a huge surge in the stock market. On Friday, its stock touched the upper circuit limit of 10% and closed at Rs 69.32. That is, there were buyers, but no one was ready to sell! Due to this, many investors were disappointed.
250% return in one year.
Moreover, MTNL shares have given a multibagger return of more than 250% in the last one year. That is, if you had invested in it a year ago, today your amount would have increased more than two and a half times.
Company situation:
However, the financial condition of the company is not very good. In the fourth quarter of the financial year 2024, the company has suffered a loss of Rs 784 crore. Even if seen annually, the company has suffered a loss of Rs 3268 crore.
What should investors do?
MTNL is a small company, and fluctuations in its shares are common. The recent rise may be due to some news or rumour. Therefore, if you are thinking of investing in it, be very careful.
Things to keep in mind:
- The financial condition of the company is not good.
- Fluctuations are common in the stock market.
- Before investing, please consult your financial advisor.
Finally, remember:
Investing is always a risky business. So, invest wisely.
Disclaimer: This article is for information purposes only and should not be considered investment advice.
