Buy MTNL

MTNLMake profit from MTNL stock, as it is a brilliant stock for intraday dealings.

Today, the MTNL stock opened at Rs. 174.05 as against its previous close of Rs. 171.45 at BSE (on Friday). Presently, the stock is hovering around Rs 175.

Those who want to reap gains from intraday trading can purchase this stock between around Rs 171. The stop loss is at Rs 169, and the intraday target lies between Rs 178-185.

MTNL (on Nov 30) has unveiled multi-lingual short message service (SMS) that permit GSM subscribers to send messages in 11 different Indian languages.

The new service, which is developed by MTNL along with Geneva Software Technology Ltd, is only accessible to postpaid and prepaid customers of Dolphin and Trump.

MTNL said that the company will charge Re 1 for both local and STD SMSes from the postpaid users (Dolphin customers), whereas pre-paid users (Trump subscriber) will have to pay Rs 2 for each SMS.

With the launch of this service, Delhi MTNL anticipates a development of about 10% in the number of SMS sent through its network. Moreover, MTNL has also decided to add around 50,000 Broadband customers to its network by March 2008.