MTNL unlikely to outperform: Ashwani Gujral, Market Strategist
Most of the telecom stocks are sideways and till this policy environment clears up, stocks unlikely to give big trends.
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| Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, for his stock recommendation, in a chat with ET Now talks about MTNL.
Would MTNL trend higher because there is news about the possibility of the merger with BNSL? some aid as well up 6% in today’ session too?
You keep getting these crises on MTNL but even the private guys are finding it difficult to manage in this environment. So I do not think MTNL would really come out and outperform.
It is one of those stocks heading towards being a penny type stock. Most of the telecom stocks are sideways and till this policy environment clears up, I do not think the stocks should really give you big trends.
Would MTNL trend higher because there is news about the possibility of the merger with BNSL? some aid as well up 6% in today’ session too?
You keep getting these crises on MTNL but even the private guys are finding it difficult to manage in this environment. So I do not think MTNL would really come out and outperform.
It is one of those stocks heading towards being a penny type stock. Most of the telecom stocks are sideways and till this policy environment clears up, I do not think the stocks should really give you big trends.
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