Stock market analyst Rakesh Bansal of New Age Wealth has maintained 'buy' rating on MTNL stock with target of Rs 77.

According to analyst, the investors can buy the stock with stop loss of Rs 66.

The stock of the company, on Aug 04, closed at Rs 68.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 103.80 a low of Rs 51.80 on BSE.

Current EPS is -39.32.

MTNL has declared that a board meeting will take place on August 11, inter-alia, to sanction the Unaudited Financial Results (Provisional) together with Limited Review Report for the three month period ended June 30.

MTNL eyes earnings of approximately Rs 280 crore on a yearly basis from roaming contracts with other telecom operators for 3G spectrum sharing.

At the sidelines of the Global Telecom Summit, organised by Assocham, Mr. Kuldeep Singh, chief managing director, MTNL, said, "We are expecting about Rs 280 crore in revenue through 3G roaming agreements with other operators."

Novatium Solutions (P), during the last month, rolled out MTNL Nova Navigator Service for the MTNL broadband subscribers in the capital and Mumbai.