Mahanagar Telephone Nigam Limited (MTNL) is a metropolitan telecommunication service provider. In this article today we will talk about MTNL Share Price Target 2024, 2025, to 2030. These price predictions of Mahanagar Telephone Nigam Limited (MTNL) stock are based on past performance and fundamental analysis. The Current Market Price of MTNL Stock is ₹64.08 as of July 18, 2024. Mahanagar Telephone Nigam Limited (MTNL) was listed on the National Stock Exchange and Bombay Stock Exchange on July 19, 2002.
MTNL has shown very good growth in the last few years, due to which its stock price has also increased significantly, and in the last 1 month only, this stock has given returns of 114.78%. Mahanagar Telephone Nigam Limited (MTNL) has given multi-bagger returns of 1,205% over the past 5 years and In the past year, it has given returns of 351.59%. MTNL Stock Price Increased from ₹5.90 to ₹88.06 in the previous 5 years. The 52-week High of Mahanagar Telephone Nigam Limited (MTNL) Stock is ₹88.06 and the 52-week Low is ₹19.35 as of 05 July 2024.
Mahanagar Telephone Nigam Limited (MTNL) Overview
Mahanagar Telephone Nigam Limited (MTNL) was established in 1986. Although MTNL is not a prominent player today, it used to have a monopoly in Delhi and Mumbai in 1992. In the year 2001, the company offered GSM Cellular Mobile Service under the brand name Dolphin. Bharat Sanchar Nigam Limited (BSNL) owns 100% of Mahanagar Telephone Nigam Limited (MTNL). MTNL founded Mahanagar Telecom Mauritius Limited as its subsidiary in 2003 to provide services in Mauritius. At present, MTNL services are not very useful, and he has fallen far behind his competition. P. K. Purwar is the chairman & MD of MTNL.
MTNL Share Price Target 2024
| Month | Target Price |
| MTNL Target Price For July 2024 | ₹104.50 |
| MTNL Target Price For August 2024 | ₹125.80 |
| MTNL Target Price For September 2024 | ₹148.90 |
| MTNL Target Price For October 2024 | ₹190.09 |
| MTNL Target Price For November 2024 | ₹201.25 |
| MTNL Target Price For December 2024 | ₹209.56 |
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MTNL Share Price Target 2025
| Month | Target Price |
| MTNL Target Price For January 2025 | ₹217.80 |
| MTNL Target Price For February 2025 | ₹230.78 |
| MTNL Target Price For March 2025 | ₹245.88 |
| MTNL Target Price For April 2025 | ₹235.05 |
| MTNL Target Price For May 2025 | ₹247.60 |
| MTNL Target Price For June 2025 | ₹263.35 |
| MTNL Target Price For July 2025 | ₹275.45 |
| MTNL Idea Target Price For August 2025 | ₹284.23 |
| MTNL Idea Target Price For September 2025 | ₹292.20 |
| MTNL Target Price For October 2025 | ₹303.37 |
| MTNL Target Price For November 2025 | ₹312.09 |
| MTNL Target Price For December 2025 | ₹320.89 |
MTNL Share Price Target 2026
| Month | Target Price |
| MTNL Target Price For January 2026 | ₹329.76 |
| MTNL Target Price For February 2026 | ₹320.90 |
| MTNL Target Price For March 2026 | ₹317.65 |
| MTNL Target Price For April 2026 | ₹309.54 |
| MTNL Target Price For May 2026 | ₹318.33 |
| MTNL Target Price For June 2026 | ₹327.60 |
| MTNL Target Price For July 2026 | ₹337.00 |
| MTNL Idea Target Price For August 2026 | ₹346.50 |
| MTNL Idea Target Price For September 2026 | ₹354.85 |
| MTNL Target Price For October 2026 | ₹363.35 |
| MTNL Target Price For November 2026 | ₹374.55 |
| MTNL Target Price For December 2026 | ₹382.89 |
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MTNL Share Price Target 2027
| Month | Target Price |
| MTNL Target Price For January 2027 | ₹396.50 |
| MTNL Target Price For February 2027 | ₹403.90 |
| MTNL Target Price For March 2027 | ₹414.87 |
| MTNL Target Price For April 2027 | ₹421.23 |
| MTNL Target Price For May 2027 | ₹427.67 |
| MTNL Target Price For June 2027 | ₹436.70 |
| MTNL Target Price For July 2027 | ₹450.56 |
| MTNL Idea Target Price For August 2027 | ₹462.35 |
| MTNL Idea Target Price For September 2027 | ₹473.40 |
| MTNL Target Price For October 2027 | ₹484.65 |
| MTNL Target Price For November 2027 | ₹490.78 |
| MTNL Target Price For December 2027 | ₹501.25 |
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MTNL Share Price Target 2028
| Month | Target Price |
| MTNL Target Price For January 2028 | ₹510.80 |
| MTNL Target Price For February 2028 | ₹517.56 |
| MTNL Target Price For March 2028 | ₹526.05 |
| MTNL Target Price For April 2028 | ₹532.67 |
| MTNL Target Price For May 2028 | ₹538.90 |
| MTNL Target Price For June 2028 | ₹546.98 |
| MTNL Target Price For July 2028 | ₹557.85 |
| MTNL Idea Target Price For August 2028 | ₹563.25 |
| MTNL Idea Target Price For September 2028 | ₹571.20 |
| MTNL Target Price For October 2028 | ₹579.83 |
| MTNL Target Price For November 2028 | ₹585.09 |
| MTNL Target Price For December 2028 | ₹598.00 |
MTNL Share Price Target 2029
| Month | Target Price |
| MTNL Target Price For January 2029 | ₹607.83 |
| MTNL Target Price For February 2029 | ₹615.09 |
| MTNL Target Price For March 2029 | ₹602.35 |
| MTNL Target Price For April 2029 | ₹608.90 |
| MTNL Target Price For May 2029 | ₹613.80 |
| MTNL Target Price For June 2029 | ₹617.77 |
| MTNL Target Price For July 2029 | ₹620.95 |
| MTNL Idea Target Price For August 2029 | ₹628.12 |
| MTNL Idea Target Price For September 2029 | ₹631.26 |
| MTNL Target Price For October 2029 | ₹636.55 |
| MTNL Target Price For November 2029 | ₹639.08 |
| MTNL Target Price For December 2029 | ₹643.50 |
Also Read: Wipro Share Price Target 2024, 2025, to 2030
MTNL Share Price Target 2030
| Month | Target Price |
| MTNL Target Price For January 2030 | ₹648.44 |
| MTNL Target Price For February 2030 | ₹653.87 |
| MTNL Target Price For March 2030 | ₹660.98 |
| MTNL Target Price For April 2030 | ₹664.50 |
| MTNL Target Price For May 2030 | ₹669.80 |
| MTNL Target Price For June 2030 | ₹676.78 |
| MTNL Target Price For July 2030 | ₹681.20 |
| MTNL Idea Target Price For August 2030 | ₹685.67 |
| MTNL Idea Target Price For September 2030 | ₹691.24 |
| MTNL Target Price For October 2030 | ₹694.88 |
| MTNL Target Price For November 2030 | ₹701.80 |
| MTNL Target Price For December 2030 | ₹705.60 |
MTNL Financials 2023
| Particulars | Year (2023) |
| Revenue | ₹1,548 (Cr) |
| Expenses | ₹4,465 (Cr) |
| EBITA | ₹168.51 (Cr) |
| Profit Before Tax | ₹-2,916(Cr) |
| Net Profit | ₹-2,915(Cr) |
MTNL Fundamentals
| Particulars | Figures |
| Market Cap | ₹5,284 (Cr) |
| P/E Ratio | -1.62 |
| Debt to Equity | -1.27 |
| ROE | 13.82% |
| Book Value | -375.30 |
| Face Value | 10 |
MTNL Shareholding Pattern
| Particulars | Shareholding pattern |
| Promoters | 56.25% |
| Retail Investor | 29.73% |
| Domestic Institutions (DII) | 13.63% |
| Foreign Institutions (FII) | 0.38% |
| Mutual Funds | 0.00% |
Key factors to consider before investing in Mahanagar Telephone Nigam Limited
- Before investing in Mahanagar Telephone Nigam Limited (MTNL) Stock, analyze its financial performance, revenue growth, debt levels, cash flow, and net profit. MTNL has been a loss-making company for the last several years, with increasing losses. There is no revenue growth either. Therefore, invest in this stock only after careful consideration.
- MTNL deals a lot in landline business and its landline business is continuously declining. As a result, MTNL’s financial performance has not grown at all.
- India’s telecommunication sector is very competitive and competitors are Bharti Airtel, Reliance Jio, Vodafone Idea (Vi), Tata Communications. And Jio and Airtel are already far ahead in technology and revenue. That is why it is also important to analyze the competitors.
- Must consider the fundamentals of Mahanagar Telephone Nigam Limited, such as the price-to-earnings ratio (P/E), market valuation, price-to-book (P/B) ratio, and other relevant metrics.
- Before investing in Mahanagar Telephone Nigam Limited, understand your risk and invest with proper risk management.
Conclusion
The financial performance of IPOs has not been good for the last few years. It is important to do thorough research before investing in an IPO. The losses of IPOs are constantly increasing. However, the stock price has seen an increase in the last few months. But this price increase can also be a trap.
The target price of Mahanagar Telephone Nigam Limited (MTNL) given above is only a guidance. We do not give any kind of buy or sell advice. The target prices of the given MTNL Stocks are subject to change at any time depending on the market conditions. However, TrendFriend advises you to consult your experts for any investment In Mahanagar Telephone Nigam Limited.
FAQ’S
What is the target price of MTNL In 2025?
MTNL share price target is between ₹217.80 to ₹320.89 in 2025.
What is the target price of MTNL In 2026?
MTNL share price target is between ₹329.76 to ₹382.89 in 2026.
What is the target price of MTNL In 2027?
MTNL share price target is between ₹396.50 to ₹501.25 in 2027.
What is the target price of MTNL In 2028?
MTNL share price target is between ₹510.80 to ₹598.00 in 2028.
What is the target price of MTNL In 2029?
MTNL share price target is between ₹607.83 to ₹643.50 in 2029.
What is the target price of MTNL In 2030?
MTNL share price target is between ₹648.44 to ₹705.60 in 2030.
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