Buy MTNL With Stop Loss Of Rs 65

Buy MTNL With Stop Loss Of Rs 65Ventura Securities Ltd has maintained 'buy' rating on Mahanagar Telephone Nigam Limited (MTNL) stock with a target of Rs 72.

According to analyst, the interested investors can buy the stock around Rs 67 with stop loss of Rs 65.

The stock of the company, on Oct 06, closed at Rs 66.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 92.80 and a low of Rs 51.80 on BSE.

Current EPS is -45.73.

After Tata, Mahanagar Telephone Nigam Limited has entered into the CWG rivalry and tries to make the most of the game frenzy.

MTNL, on Sunday, declared to introduce Commonwealth 2010 that will help the users with Dolphin and Trump 2G and 3G mobile phones in Delhi circles.

The company provides 4 services for the CWG Games comprising CWG Video Portal, Zoomi Mobile Application, CWG Sports Alerts & Contest in addition to Zoomi - WAP/Mobile Browser (Sports and Entertainment)

MTNL has provided all these services at just Rs 99.

MTNL was established in the year 1986 by Indian administration with the intention to improve

the worth of telecommunication services, swell the telecom network, roll out novel services plus to lift up revenue for telecom development requirements of the country's key metropolitans comprising Delhi and Mumbai.