Mahanagar Telephone Nigam Limited (MTNL), a government-owned telecom giant, has had its share of ups and downs in the highly competitive Indian telecom market. As of December 3rd January 2025, MTNL’s stock ended the week at ₹51.62, showing a 1.5% rise in value. Over the past year, the stock has seen a dramatic range, from a low of ₹31.20 to a high of ₹101.93, reflecting its volatility and investor sentiment.
Looking ahead MTNL Share Price Target 2025, there’s cautious optimism about MTNL’s stock performance. Experts predict the share could climb to ₹110 under the right conditions or fall to ₹36 if challenges persist. These projections are based on key technical indicators and MTNL’s ability to adapt to market demands while addressing its financial challenges.
Table of Contents
Share Price Target December 2024
Based on resistance levels:
- Target Range: ₹61.50 – ₹68.40
- Short-Term Outlook: MTNL may test ₹61.50 by year-end, provided market sentiment remains positive. A broader rally could push the stock toward ₹68.40, contingent on favorable developments.
MTNL Share Price Target 2025
Based on technical analysis and market trends, the projected share price targets for MTNL in 2025 are:
| Month | Positive Trend (₹) | Negative Trend (₹) |
|---|---|---|
| January | 55 – 60 | 48 – 52 |
| February | 58 – 63 | 46 – 50 |
| March | 60 – 68 | 45 – 49 |
| April | 62 – 75 | 44 – 48 |
| May | 70 – 80 | 43 – 47 |
| June | 75 – 85 | 42 – 46 |
| July | 75 – 90 | 41 – 45 |
| August | 80 – 90 | 40 – 44 |
| September | 85 – 95 | 39 – 43 |
| October | 75 – 95 | 38 – 42 |
| November | 90 – 95 | 37 – 41 |
| December | 95 – 110 | 36 – 40 |
Note: These projections are based on technical analysis and are subject to market volatility.
Financial Disclaimer- This article is for informational purposes only and does not constitute financial advice. Investments carry risks, and past performance is not a guarantee of future results. Projections may change with market conditions. Always conduct your own research and consult a financial advisor before investing. The authors are not responsible for any losses or damages.
Justification of Targets
- Positive Trend: If MTNL implements effective cost-reduction strategies and capitalizes on government support, quarterly results may show gradual improvement, boosting investor confidence and driving the stock towards the upper target range.
- Negative Trend: Continued operational losses and failure to adapt to market dynamics could result in deteriorating quarterly results, leading to a decline in share prices towards the lower target range.
Technical Analysis
Moving Averages
| Metric | Value |
|---|---|
| 50-Day Moving Average | ₹49.96 |
| 200-Day Moving Average | ₹49.05 |
- Interpretation:
MTNL’s current price of ₹51.61 is above both the 50-day and 200-day moving averages, signaling a bullish trend in the short to medium term. These averages act as dynamic support levels, offering stability during minor corrections.
Support and Resistance Analysis
| Level | Value (₹) |
|---|---|
| S1 | ₹50.00 |
| S2 | ₹48.50 |
| S3 | ₹42.20 |
| S4 | ₹33.00 |
| R1 | ₹61.50 |
| R2 | ₹68.40 |
| R3 | ₹102.00 |
- Support Levels:
The first major support lies at ₹50.00, the 50-day moving average, followed by ₹48.50, the 200-day moving average. A breach below these levels could push the stock towards ₹42.20 and ₹33.00, reflecting a bearish outlook. - Resistance Levels:
On the upside, ₹61.50 serves as the first resistance, followed by ₹68.40. A breakout above ₹102.00 would signal a strong bullish reversal, potentially paving the way for long-term gains.
About MTNL, Operating Model & Its Financial Results.
Mahanagar Telephone Nigam Limited (MTNL), a government-owned telecom provider established in 1986, serves as a key player in Delhi and Mumbai’s telecom landscape. The company offers a variety of services, including fixed-line connections, broadband internet, mobile services, and enterprise telecom solutions.
How MTNL Operates
- Core Services: MTNL provides essential telecom services like landlines, high-speed broadband, and mobile networks under its brands Dolphin and Trump. It also supports businesses and government entities with customized telecom solutions.
- Infrastructure: With a robust network of fiber-optic cables, exchanges, and data centers, MTNL has a strong foundation to deliver connectivity in two of India’s largest cities.
- Revenue Streams: MTNL earns from consumer subscriptions, corporate contracts, and leasing its infrastructure to other telecom players.
- Government Backing: As a public-sector company, MTNL benefits from financial support and strategic collaborations, such as its partnership with BSNL to improve operational efficiency.
Challenges
Despite its strengths, MTNL struggles with outdated technology, high employee costs, and fierce competition from private players offering better services at lower prices.
With government backing and significant assets, MTNL has the potential to recover and grow, but it needs to modernize its services and streamline operations to stay competitive in the fast-evolving telecom sector.
Recent Financial Performance
MTNL’s financial results over the past four quarters are as follows:
| Quarter Ending | Revenue (₹ Crore) | Net Loss (₹ Crore) |
|---|---|---|
| September 2024 | 158 | 888 |
| June 2024 | 169 | 771 |
| March 2024 | 192 | 817 |
| December 2023 | 169 | 841 |
Despite reporting a net loss of ₹888 crore in the September 2024 quarter, MTNL remains a company with potential. Its government backing and strong telecom infrastructure provide a foundation for recovery. The year 2025 could be pivotal for MTNL as it works to stabilize its finances and regain investor confidence. For those watching the telecom sector closely, MTNL’s journey ahead will be one to watch.
MTNL Share Price Target 2030
| Year | Target Range (₹) |
|---|---|
| 2026 | ₹85 – ₹150 |
| 2027 | ₹140 – ₹170 |
| 2028 | ₹150 – ₹250 |
| 2029 | ₹200 – ₹300 |
| 2030 | ₹300 – ₹350 |
Pravin Bhosale
Since stepping into the world of trading in 2019, i have gained valuable experience navigating the markets, have knowldge in indices like Bank Nifty, Nifty IT, Sensex, Bankex, and Finifty. Also have sound knowldge about IPO industry & ipo process. our blog aims to make finance approachable, offering practical insights for readers to better understand and act on market trends.
FAQ
What is MTNL’s 2025 share price target?
The target ranges from ₹36 (negative trends) to ₹88 (positive trends), based on technical analysis and market performance.
How are the 2025 targets determined?
Targets are based on support and resistance levels, moving averages, and potential quarterly results influenced by market trends and policies.
What financial challenges is MTNL facing?
MTNL reported a ₹890.28 crore loss in Q2 2024, with declining revenue and high operational costs impacting its performance.
How will financials impact the share price in 2025?
Improved results and cost controls could push the price to ₹88, while ongoing losses might lower it to ₹36.
What are the key recent financial trends?
Revenue declined 12.6% year-over-year in Q2 2024 to ₹311 crore, reflecting ongoing financial struggles.