Key Events This Week
Feb 9: Stock opens at Rs.110.25, down 1.61% despite Sensex rising 1.04%
Feb 10: Sharp rebound to Rs.115.00 (+4.31%) on moderate volume
Feb 11: Q3 FY26 results reveal deepening losses at Radio Mirchi; stock falls 3.96%
Feb 12: Technical indicators turn bearish; stock slips 0.14% amid Sensex decline
Feb 13: Stock hits 52-week low of Rs.105, closing at Rs.108.25 (-1.86%)
Monday, 9 February 2026: Weak Start Despite Market Rally
Entertainment Network (India) Ltd opened the week at Rs.110.25, down 1.61% from the previous close, contrasting with the Sensex’s robust 1.04% gain to 37,113.23. The stock’s decline on relatively low volume of 1,048 shares indicated early investor caution, possibly reflecting concerns ahead of the company’s quarterly results. The divergence from the broader market’s positive momentum set a cautious tone for the week.
Tuesday, 10 February 2026: Sharp Rebound on Moderate Volume
The stock rebounded strongly to Rs.115.00, gaining 4.31% on a volume of 443 shares, outperforming the Sensex’s modest 0.25% rise. This intraday recovery suggested some short-term buying interest, possibly driven by speculative positioning or anticipation of the upcoming earnings announcement. However, the relatively low volume indicated limited conviction behind the rally.
Wednesday, 11 February 2026: Q3 FY26 Results Disappoint, Stock Drops 3.96%
Entertainment Network reported a steep deterioration in profitability for Q3 FY26, with Radio Mirchi’s losses deepening despite revenue growth. The company posted a loss before tax excluding other income of Rs.10.43 crores, a 282.02% decline from the prior period, and net profit after tax fell 81.6% to Rs.1.68 crores. Earnings per share stood at a negative Rs.1.35, marking a significant earnings contraction. The stock reacted negatively, closing at Rs.110.45, down 3.96%, on heavy volume of 8,928 shares. This decline reflected investor disappointment and heightened concerns over the company’s earnings quality and near-term outlook.
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Thursday, 12 February 2026: Technical Indicators Turn Bearish
The stock closed marginally lower at Rs.110.30, down 0.14%, on volume of 2,195 shares, as technical momentum shifted decisively bearish. Key moving averages turned negative, with the stock trading below short- and medium-term averages. The monthly MACD indicated a sustained downtrend, while weekly MACD remained mildly bullish, suggesting some short-term support. RSI hovered in neutral territory, and Bollinger Bands signalled increased volatility near support levels. Despite some accumulation indicated by On-Balance Volume, the overall technical picture deteriorated, signalling growing investor caution amid broader market weakness. The Sensex declined 0.56% to 37,049.40, reflecting a subdued market environment.
Friday, 13 February 2026: Stock Hits 52-Week Low Amid Continued Selling Pressure
On the final trading day of the week, Entertainment Network’s stock fell to a 52-week low of Rs.105 intraday, closing at Rs.108.25, down 1.86%. The stock underperformed its sector peers by 3.64% and recorded a three-day cumulative loss of 8.7%. Trading volume was 1,656 shares. The stock remains below all major moving averages, reflecting persistent selling pressure. The company’s Mojo Score was downgraded to 17.0, resulting in a Strong Sell rating by MarketsMOJO on 10 February. Despite a conservative debt-to-equity ratio of 0.01 times and stable promoter holding, the stock’s valuation and earnings deterioration continue to weigh heavily on investor sentiment. The Sensex closed lower by 1.40% at 36,532.48, but the stock’s sharper decline highlights company-specific challenges.
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Weekly Price Performance: Entertainment Network (India) Ltd vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.110.25 | -1.61% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.115.00 | +4.31% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.110.45 | -3.96% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.110.30 | -0.14% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.108.25 | -1.86% | 36,532.48 | -1.40% |
Key Takeaways
Negative Earnings Impact: The Q3 FY26 results revealed a sharp decline in profitability, with PBT excluding other income plunging 282.02% and PAT down 81.6%, driving the stock lower amid investor concerns.
Technical Downturn: The stock’s technical indicators shifted decisively bearish midweek, with moving averages and momentum oscillators signalling sustained downward pressure.
52-Week Low and Underperformance: The stock hit a 52-week low of Rs.105 on 13 February, underperforming the Sensex and sector peers, reflecting company-specific challenges amid a subdued market.
Valuation and Rating: The Mojo Score downgrade to 17.0 and Strong Sell rating underscore the deteriorating outlook, despite the company’s low leverage and stable promoter holding.
Conclusion
Entertainment Network (India) Ltd’s week was characterised by a significant earnings disappointment and a clear shift to bearish technical momentum, culminating in a 52-week low price. The stock’s 3.39% weekly decline outpaced the Sensex’s 0.54% fall, highlighting company-specific headwinds. While some volume-based indicators suggest limited accumulation, the overall trend remains negative, with the stock trading below all key moving averages. The downgrade to a Strong Sell rating by MarketsMOJO reflects these challenges. Investors should remain cautious as the stock navigates a difficult earnings and technical environment, with limited near-term catalysts to reverse the downtrend.
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